Hong Kong's 1st five-year plan to boost international centers

John Lee, chief executive of the Hong Kong Special Administrative Region (HKSAR), said on Wednesday that Hong Kong will strengthen its four centers and develop into a hub for high-caliber talent, consolidating and enhancing its edge in global competition.



Announcing Hong Kong's first five-year plan for economic and social development (2026-2030), Lee said that by consolidating and enhancing Hong Kong's status as international financial, maritime and trade centers, and developing Hong Kong into an international I&T center and a global hub for high-caliber talent, Hong Kong will further sharpen its competitive edge.



Lee also said that Hong Kong, as an international financial center, must firmly demonstrate its international positioning by leveraging its open financial markets to attract global capital, talent, and financial enterprises.



Hong Kong must seek growth through stability and in turn reinforce stability through growth, a principle anchoring resilient underpinning, stable structures, robust capabilities, and manageable risks, as the city moves forward with various initiatives..



These include fully leveraging the core function of propelling the real economy with finance, forging secure and highly effective financial infrastructure, and systemically developing a diverse capital market, he added.