Constitutional and Mainland Affairs Bureau of Hong Kong: Hong Kong's first five-year plan helps enterprises see development trends clearly and deploy investment

On September 14, Tse Siu-wa, Secretary for Constitutional and Mainland Affairs of Hong Kong, attended a luncheon hosted by Hong Kong businesswomen marking the 77th anniversary of National Day and delivered a keynote speech. She said the Hong Kong SAR government will publish on Wednesday (the 16th) "Hong Kong's First Five-Year Plan" and a new Policy Address, and the two are consistent in spirit. She said Hong Kong's five-year plan will not replace the market, but will better leverage the advantages of combining an "effective market" with a "proactive government." For enterprises, a plan that is directional and predictable helps them see medium- and long-term development trends clearly and gives them greater confidence to deploy strategies for investment, talent, technology and markets. Regarding outside attention on how Hong Kong will implement and advance the five-year plan, she pointed out that specific measures can be found in the Policy Address. The authorities hope to advance the blueprint under the five-year plan in an orderly manner each year, and the Budget will also provide resources in a timely manner to support it. Tse Siu-wa said this year is the opening year of the country's 15th Five-Year Plan, and it is also the year Hong Kong formulates its first five-year plan. She stressed that Hong Kong's development has always been closely tied to the fate of national development, and the motherland has always been Hong Kong's strongest backing and its greatest support for responding to risks and challenges and pursuing development. Tse Siu-wa continued that the 15th Five-Year Plan proposes that Hong Kong consolidate its status as an international financial center and shipping and trade center, while also enhancing its advantages as an international innovation and technology center. These positioning statements are not abstract visions, but concrete opportunities for the whole society to participate in investment and entrepreneurship and to open up markets. She stressed that under the framework in which the national 15th Five-Year Plan and Hong Kong's five-year plan connect with each other, the business sector will certainly have more opportunities to serve the country and help Hong Kong develop, including in innovation and technology and new industrialization, integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area, platforms for cross-border investment and corporate layout, and green transition and sustainable development.