Hong Kong's Chief Executive, John Lee, has unveiled an ambitious First Five-Year Plan for Economic and Social Development (2026-2030) that seeks to redefine the city's role on the global stage while deepening its integration with mainland China. The plan, discussed during a radio phone-in program, sets five main objectives: better livelihoods, breakthroughs in economic development, expanding global competitiveness and influence, faster development of the Northern Metropolis, and better serving the country. The implications are significant, as Hong Kong aims to solidify its status as an international hub while leveraging national support for long-term growth.
Central to the plan is the expansion of Hong Kong's global networks. Lee emphasized that the city's strength lies in its international status, and the government is committed to broadening its reach. "We are expanding to cover every part of the world where we can reach," he said, noting the presence of Economic and Trade Offices, Invest Hong Kong, and Hong Kong Trade Development Council offices worldwide. Recent delegation visits to ASEAN, the Middle East, and Central Asia underscore this push, with colleagues also frequenting African nations like South Africa and Kenya. This outreach is crucial for diversifying markets and reinforcing Hong Kong's competitiveness amid global economic uncertainties. For more information on Hong Kong's global promotion, visit https://www.brandhk.gov.hk/.
To boost influence, Lee highlighted the establishment of the International Organization for Mediation (IOMed) headquarters in Hong Kong, an entity with United Nations status. Additionally, an international office under the global network of corruption prevention authorities will be set up. "Hong Kong is an international city, which not just is very good at doing business, but is exercising its responsibility as a global participator," Lee stated. This move positions Hong Kong as a contributor to global governance, enhancing its soft power and attracting international collaborations.
The Northern Metropolis (NM) project is another cornerstone, representing about one third of Hong Kong's geographical area. Lee described it as a "big piece of land that gives us new opportunities" to upgrade accommodation and development. The NM is mentioned in China's 15th Five-Year Plan, elevating it to a state-driven project. This integration with national development is expected to diversify industries, create jobs, and align Hong Kong more closely with mainland strategies, ensuring mutual benefits. The plan's dual focus on state opportunities and international connectivity aims to secure "the beauty of both worlds."
On artificial intelligence, Lee stressed balancing opportunities and risks. The government will create a Commissioner for AI to set policy, coordinate resources, and develop AI for whole-of-government use. "While we develop and ensure people understand and use it, we also need to tell everybody the potential risks," he said, addressing concerns like crime and fraud. This proactive approach could position Hong Kong as a leader in ethical AI adoption, sharing experiences globally.
Overall, the First Five-Year Plan signals a strategic pivot to harness national support while maintaining international edge, with far-reaching implications for Hong Kong's economic resilience and global standing.
