Hong Kong SAR's first five-year plan unveiled! Anchoring the development direction for the next five years, comprehensively advancing the "AI+" initiative (full text attached)

On September 16, John Lee Ka-chiu, Chief Executive of the Hong Kong Special Administrative Region, unveiled the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030). John Lee Ka-chiu stated that in the opening year of the national 14th Five-Year Plan, the Hong Kong Special Administrative Region has formulated a five-year plan for the first time. This is a major measure for the SAR Government to uphold and improve executive-led governance and enhance governance effectiveness. It is a planning necessity for proactively aligning with the national development strategy and better integrating into and serving the overall national development. It is also a program of action for building social consensus, uniting forces from all sectors, and driving Hong Kong from stability to prosperity and achieving high-quality development. John Lee Ka-chiu said that in formulating the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030), it is necessary to base it on Hong Kong's actual conditions, set out Hong Kong's medium- and long-term development strategy, clearly define development directions, task objectives, strategic priorities and implementation paths, as well as policy measures and major projects that have Hong Kong characteristics and are operable and effective. Through the five-year plan, the development direction will be clearer, resource allocation more effective, social expectations more stable, the well-being of citizens and the interests of investors from all places more fully safeguarded, and Hong Kong will be built into a more open, more inclusive, freer, more prosperous and safer Hong Kong, becoming a channel and bridge connecting the country and the world and a more attractive, more dynamic and more opportunity-filled international metropolis in the world. John Lee Ka-chiu said that artificial intelligence should be promoted as an important industry for Hong Kong's future development, empowering all trades and industries with artificial intelligence technology. The artificial intelligence ecosystem should be improved in multiple dimensions, and the "AI+" initiative should be comprehensively and continuously advanced. Cross-sector integration should be strengthened, and the development and utilization of data resources and coordinated development with the mainland should be deepened. Every effort should be made to enhance the layout of computing power infrastructure to empower development. Through the construction of the Sha Ling Data Park, strong support will be provided for the computing power needed for Hong Kong's development of the artificial intelligence industry. The legal support required to support broader application of artificial intelligence and data should be reviewed to ensure that Hong Kong's laws keep pace with the times and to establish a regulatory framework conducive to artificial intelligence and intelligent development in Hong Kong. Support should be given to small and medium-sized enterprises to accelerate the application of artificial intelligence. The artificial intelligence literacy of citizens should be enhanced to help them enjoy a safe and convenient digital and intelligent life. Based on life and health and embodied intelligence, strategies should be formulated for artificial intelligence to drive industrial transformation and development. Strengthen Hong Kong's function as the world's largest offshore RMB business hub. Comprehensively expand the scale of offshore RMB business, continuously improve the offshore RMB ecosystem, enhance liquidity support, establish a liquidity supplement mechanism for Hong Kong's offshore RMB market, accelerate the innovation of offshore RMB products and expand product types, build a full-coverage, multi-level RMB cross-border circulation network, and improve the stability of offshore RMB financing. Actively promote the RMB as a government payment currency. Further enhance the offshore RMB market's ability to support the real economy, comprehensively improve support and facilitation for trade, investment and financing, and cross-border business expansion, and support enterprises in using the RMB more widely in cross-border economic and trade business, facilitating the exchange of RMB with currencies of other regions. John Lee Ka-chiu continued that the international bond market should be optimized. Coordinate the promotion of primary market issuance, secondary market liquidity enhancement, offshore RMB business expansion, and fixed income and currency infrastructure development. Improve "Bond Connect" (Southbound Trading), and continue to advance the optimization and expansion of Southbound Trading in terms of investment scale, investor scope, products, and trading arrangements. Promote more mainland institutions to invest in Hong Kong's bond market, and expand the channels and business volume of "Stock Connect", "Bond Connect", "Wealth Management Connect", and "Private Equity Connect". Using gold as the entry point, build a commodity trading ecosystem. Comprehensively promote the coordinated development of clearing systems, warehousing, supply, and infrastructure related to gold trading, and fully leverage the role of gold as a strategic asset. In the long run, benchmark against major international gold trading centers and achieve a development pattern of parallel dual tracks in software and hardware. Accelerate the construction of infrastructure to provide efficient and trustworthy services for international standard gold trading. Provide all-round support for more gold merchants and financial institutions to establish a presence in Hong Kong and expand capacity and volume. Comprehensively enhance Hong Kong's gold storage capacity and refining capability. Strengthen local talent training and study providing further preferential policies for gold-related enterprises. Deepen cooperation between the local and mainland gold markets, actively advance connectivity, build a one-stop storage, trading, clearing and service center, and construct an integrated gold ecosystem. Explore the development of an RMB-denominated gold market and commodity market, strengthen cooperation with mainland exchanges such as the Shanghai Gold Exchange and the Shanghai Futures Exchange, increase efforts to attract international investors, and increase RMB-priced products. The full text is as follows: First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) Preamble In the opening year of the national 14th Five-Year Plan, the Hong Kong Special Administrative Region has formulated a five-year plan for the first time. This is a major measure for the SAR Government to uphold and improve executive-led governance and enhance governance effectiveness. It is a planning necessity for proactively aligning with the national development strategy and better integrating into and serving the overall national development. It is also a program of action for building social consensus, uniting forces from all sectors, and driving Hong Kong from stability to prosperity and achieving high-quality development. In formulating the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong Five-Year Plan), it is necessary to base it on Hong Kong's actual conditions, set out Hong Kong's medium- and long-term development strategy, clearly define development directions, task objectives, strategic priorities and implementation paths, as well as policy measures and major projects that have Hong Kong characteristics and are operable and effective. Through the five-year plan, the development direction will be clearer, resource allocation more effective, social expectations more stable, the well-being of citizens and the interests of investors from all places more fully safeguarded, and Hong Kong will be built into a more open, more inclusive, freer, more prosperous and safer Hong Kong, becoming a channel and bridge connecting the country and the world and a more attractive, more dynamic and more opportunity-filled international metropolis in the world, continuously making unique and greater contributions to building a strong nation and the great cause of national rejuvenation through Chinese-style modernization. Part One Opening a New Chapter Chapter One Grasping Strategic Opportunities Amid Once-in-a-Century Changes 1.1 During the 14th Five-Year Plan period, under the leadership and strong support of the Central Government, Hong Kong achieved a historic transition from chaos to governance and toward prosperity. In 2019, a Hong Kong-style color revolution and black violence occurred in Hong Kong. Order was severely damaged, innocent citizens were attacked, facilities were burned and destroyed, lives were disrupted, and society was in turmoil. The Central Government acted decisively, enacting and implementing the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region, and social order was restored to normal. The SAR improved the electoral system and fully implemented the principle of "patriots administering Hong Kong." The new Election Committee, Legislative Council, and District Councils were successively formed. The SAR Government gloriously completed the local legislation of Article 23 of the Basic Law and enacted the Safeguarding National Security Ordinance, fulfilling a constitutional responsibility that had not been performed for 26 years and more than 8 months, and providing reliable safeguards for Hong Kong to fully focus on economic development, pursuing development, improving people's livelihood, and promoting reform. Hong Kong's operation returned to the proper meaning of "One Country, Two Systems," and Hong Kong entered a new stage from chaos to governance and toward prosperity. Economic growth turned from negative to positive. Hong Kong maintained its ranking as the world's freest economy, rose to first in the world in cross-border wealth management, ranked second in world competitiveness, was among the top three international financial centers, ranked fourth in talent competitiveness, maintained fourth as an international shipping center, and rose to fifth in merchandise trade. In 2025, the median employment income of full-time employees increased by about 20% over four years. Hong Kong's political and economic situation is in its best period in history. 1.2 During the 15th Five-Year Plan period, Hong Kong's development will be in a period where strategic opportunities and risks and challenges coexist, and uncertain and unpredictable factors are increasing. At present, changes in the world, changes of the times, and changes in history are accelerating. The international balance of power is undergoing profound adjustments. Unilateralism, protectionism, and hegemonism are in fierce collision with world multipolarity and economic globalization. Major-country relations affect the international situation, and the evolution of the international situation profoundly affects Hong Kong's development. As a highly externally oriented economy, Hong Kong is highly susceptible to the impact of the above environmental changes. Hong Kong's own economic structure also has room for optimization, the task of transforming old and new growth drivers is arduous, and deep-seated social problems need to be resolved more quickly. 1.3 Looking at the world, amid a turbulent situation, China has become a major stabilizer and Beijing Dynamic Power for world economic growth. The 15th Five-Year Plan outlines the blueprint for the country's future development and sets higher requirements for Hong Kong to integrate into and serve the overall national development, providing major opportunities for Hong Kong's development and opening up new space. Hong Kong must proactively recognize, respond to, and seek change, fully align with the national 15th Five-Year Plan, formulate a five-year plan for the first time, and firmly grasp national development opportunities. 1.4 A new round of scientific and technological revolution and industrial transformation is accelerating breakthroughs. Artificial Intelligence (AI) and others are giving rise to ShenZhen New Industries Biomedical Engineering new business forms and new models. Changes in the internal and external environment require Hong Kong to change its way of thinking and concepts, draw on the experience of the mainland and the effective practices of the world's major economies to formulate a medium- and long-term development strategy, and clearly define development directions, task objectives, strategic priorities and implementation paths, so as to make up for Hong Kong's development shortcomings and achieve better and faster development. Chapter Two Hong Kong's Historical Position During the 15th Five-Year Plan Period 1.5 The 15th Five-Year Plan period is a period of strategic opportunity for Hong Kong to proactively adapt to the trends of the times, consolidate and enhance its own advantages, cultivate new development momentum, and achieve high-quality economic and social development; it is a crucial five years for Hong Kong to seize opportunities, accelerate its transition from stability to prosperity, improve the well-being of citizens, and build a better home; it is a five years in which Hong Kong can accomplish much in integrating into and serving the overall national development, shouldering the dual mission of developing itself and contributing to the country. Chapter Three Consolidating and Enhancing Hong Kong's Unique Advantages 1.6 Hong Kong enjoys the unique advantages under "One Country, Two Systems" of being backed by the motherland and connected to the world. Its institutional advantages have deep roots. It consistently pursues a free and open economic system, with the free flow of capital, goods, people, and information. As the only common law jurisdiction in the world that operates in both Chinese and English, Hong Kong enjoys a high reputation for the rule of law, implements a simple tax system, and has a clean and efficient government structure and civil service team as well as regulatory standards aligned with international practices, which together form a stable, safe, fair, and predictable international business and investment environment. Hong Kong is a "safe harbor," and a "safe harbor" is a "development harbor." Security has become a major competitive advantage for Hong Kong's development. Hong Kong has world-class education and talent resources and is a world-renowned international financial, shipping, and trading center. It has always been at the forefront in attracting global high-end factor resources. Hong Kong has the strength, ability, and confidence to play well the role of "super connector" and "super value-adder," and while achieving better development for itself, contribute Hong Kong's strength to serving the country's building of a strong nation and the great cause of national rejuvenation. Chapter Four Concepts Upheld by the Five-Year Plan Adhere to the "One Country, Two Systems" Principle 1.7 Unswervingly and comprehensively implement the principles of "One Country, Two Systems," "Hong Kong people administering Hong Kong," and a high degree of autonomy, act strictly in accordance with the Constitution and the Basic Law, resolutely safeguard national sovereignty, security, and development interests, and ensure that the practice of "One Country, Two Systems" always remains unchanged and undistorted. Uphold and improve the executive-led system, improve the electoral system, fully implement the principle of "patriots administering Hong Kong," strengthen the building of the SAR's governance system and governance capacity, enhance Hong Kong's effectiveness in governance according to law, and consolidate the good situation of transition from stability to prosperity. Adhere to People's Livelihood as the Foundation 1.8 Adhere to people's livelihood as the foundation and effectively address livelihood difficulties. Focus on the issues of greatest concern, most direct, and most practical to citizens, increase investment in people's livelihood, give priority to resolving deep-seated livelihood demands such as housing, healthcare, education, employment, and elderly care, and continuously enhance citizens' sense of gain, happiness, and security. Adhere to Executive-Led Governance 1.9 Adhere to the principle of executive-led governance. The Chief Executive and the SAR Government shall fulfill the duties of the head of the household, dare to take responsibility, be good at acting, and effectively shoulder the responsibility of the "first responsible person" in governing Hong Kong. The executive authorities shall play a leading role, demonstrate efficient governance effectiveness, coordinate with the legislative and judicial organs in performing their respective duties, and unite and consolidate the forces of governance coordination. Formulating and implementing the five-year plan is an arduous and enormous systematic project. The executive authorities must fully play the key role of "decision-making leadership, resource leadership, organizational promotion, and public priority." Adhere to Reform and Innovation 1.10 Persist in deepening reform, enhance governance effectiveness through institutional innovation, improve the civil service system, and strengthen the accountability mechanism of department heads. Strengthen cross-departmental collaboration, strengthen supervision, and improve public service standards. Implement measures such as digital government and large-scale artificial intelligence application, optimize processes, and improve efficiency. Optimize the business environment and accelerate land and housing supply and industrial structural transformation. In key areas such as finance, innovation and technology, the Northern Metropolis, livelihood services, and regional coordination, break development bottlenecks through institutional optimization and policy innovation, and further enhance Hong Kong's overall competitiveness and development momentum. Adhere to Combining "Effective Market" and "Proactive Government" 1.11 Persist in achieving a better combination of "effective market" and "proactive government." The Government shall play the role of strategic leadership, infrastructure investment, and institutional innovation, ensure that laws keep pace with the times, and maintain an open, transparent, rule-of-law-based, and internationalized high-quality business environment. Consolidate and enhance existing advantages in international finance, shipping, trade, and aviation, accelerate the development of innovation and technology, and enhance Hong Kong's overall competitiveness; on the other hand, the Government shall guide the market and the laws of economic development, stimulate enterprise innovation vitality and competitiveness, and promote the free flow and optimal allocation of factors such as capital, talent, and technology. A better combination of an effective market and a proactive government will form a powerful synergistic force for promoting Hong Kong's high-quality development. Adhere to Coordinating Development and Security 1.12 Safeguarding national security is the foundation of Hong Kong's stable development. Effectively implement the responsibility of safeguarding national security and public security, improve the legal system and enforcement mechanisms for safeguarding national security, improve the social governance system, prevent and resolve various risks and challenges, make every effort to create a safe, livable, stable and orderly development environment, and escort the promotion of Hong Kong's long-term prosperity and stability. Adhere to Pragmatic and Action-Oriented Planning 1.13 Based on evidence and systematic concepts, coordinate the preparation of the plan. Highlight key points, focus on precise efforts in key areas, and comprehensively enhance development momentum. Act within capabilities, set realistic development goals, and advance steadily and in an orderly manner. Consider planning and implementation together, connect the whole process, and seek practical results. Pool wisdom, widely absorb suggestions and recommendations from all parties, and build consensus through collective wisdom. Chapter Five Main Objectives 1.14 New breakthroughs in economic development. Consolidate and enhance the "four centers and one highland," namely consolidating and enhancing Hong Kong's status as an international financial, shipping, and trading center and an international aviation hub, accelerating the building of an international innovation and technology center, and creating a highland for gathering international high-end talent, promoting an economic structure with deep integration of technology and industry to drive high-quality economic development. Strengthen the functions of a global offshore RMB business hub, an international asset and wealth management center, and an international risk management center, and build a commodity trading ecosystem and a high value-added supply chain service center. Deepen financial innovation, empower industry with finance, and actively develop high-end financial services such as green finance and digital finance. 1.15 International competitiveness and influence continue to improve. Deepen the building of an international legal and dispute resolution services center and a regional intellectual property trading center. Hong Kong's influence as an international legal and dispute resolution services center in the Asia-Pacific region will be significantly enhanced. Promote Hong Kong as a center for cultural exchange between China and the world, with more vigorous integrated development of culture, sports, and tourism. Expand quality higher education, attract more non-local students to study in Hong Kong and global top talent and innovation teams to settle in Hong Kong, enhance economic development momentum and international competitiveness. 1.16 Accelerate and improve the efficiency of Northern Metropolis development. With the Northern Metropolis as the main growth engine for higher education and innovation and technology development, promote the integrated development of education, technology, and talent. Through the coordinated development of industrial parks, universities, and research institutions, form an innovation ecosystem with deep integration of "industry, academia, and research." At the same time, plan transportation, housing, greening, and public facilities with the concept of a smart city, improve living support, and develop the Northern Metropolis into a metropolis that is livable, workable, and travelable, further strengthening Hong Kong's overall competitiveness and sustainable development momentum. 1.17 People's livelihood and well-being significantly improved. Continuously improve social livelihood, optimize public services, and enhance service levels in livelihood areas such as healthcare, education, housing, and elderly care. Strengthen labor rights protection, improve employment support measures, and make the social security system more precise and effective. Accelerate the building of a smart city, make the living environment more livable and workable, and continuously enhance citizens' sense of gain, happiness, and security. 1.18 Major progress in integrating into and serving the overall national development. Actively participate in major national strategies, deepen the development of the Guangdong-Hong Kong-Macao Greater Bay Area, advance the building of major cooperation platforms in Qianhai, Nansha, and Hetao, strengthen cooperation with mainland cities in scientific and technological innovation, industrial collaboration, and infrastructure connectivity, benchmark against high-standard international economic and trade rules, build a testing ground for rule alignment in the Guangdong-Hong Kong-Macao Greater Bay Area, and better play the role of the country's "super connector" and "super value-adder" in high-level opening up. Deeply participate in high-quality Belt and Road cooperation, expand the global cooperation network, tell China's story well, and contribute Hong Kong's strength to the country's construction of a "dual circulation" new development pattern and further deepening of reform and opening up. Main Indicators Part Two Strengthening the Building of the Four Centers and a Talent Gathering Highland Consolidating and Enhancing International Competitive Advantages 2.1 To ensure Hong Kong's long-term prosperity and stability, it is necessary to fully leverage Hong Kong's existing advantages while accelerating development and improving new quality productive forces. Consolidating and enhancing Hong Kong's status as an international financial, shipping, and trading center, building Hong Kong's international innovation and technology center, and creating a highland for gathering international high-end talent in Hong Kong can further enhance Hong Kong's competitiveness. Making every effort to advance the building of the "four centers and one highland" will help promote Hong Kong's sustained economic development, release development dividends that promote livelihood improvement, and continuously enhance citizens' well-being. At the same time, deepening the building of an international legal and dispute resolution center, a regional intellectual property trading center, and a center for cultural exchange between China and the world will provide strong support for the building of the "four centers and one highland," help promote scientific research innovation and industrial development, and fully leverage Hong Kong's unique advantages of "internal connectivity and external outreach" under "One Country, Two Systems" and its status as an international city, further enhancing its international competitive advantages. Chapter Six International Financial Center 2.2 Finance is Hong Kong's foundation and greatest advantage. Hong Kong's international financial center must demonstrate its international positioning and attract global capital, talent, and financial enterprises to gather in Hong Kong with an open financial market. Adhering to the principle of "promoting stability through progress and consolidating stability through progress," strengthen the foundation, stabilize the structure, strengthen functions, and control risks, fully leverage the core role of finance in empowering the real economy, build safe and efficient financial infrastructure, and systematically build a diversified capital market. Through deep integration of mainland and overseas markets, actively consolidate Hong Kong's function as a hub connecting global financial markets, facilitate international capital in grasping national and Asian development opportunities, while helping mainland enterprises and capital go global at a high level, and play a greater role in the global financial governance system. Section One Strengthen the Functions of a Global Offshore RMB Business Hub, an International Asset and Wealth Management Center, and an International Risk Management Center 2.3 Strengthen Hong Kong's function as the world's largest offshore RMB business hub. Comprehensively expand the scale of offshore RMB business, continuously improve the offshore RMB ecosystem, enhance liquidity support, establish a liquidity supplement mechanism for Hong Kong's offshore RMB market, accelerate the innovation of offshore RMB products and expand product types, build a full-coverage, multi-level RMB cross-border circulation network, and improve the stability of offshore RMB financing. Actively promote the RMB as a government payment currency. Further enhance the offshore RMB market's ability to support the real economy, comprehensively improve support and facilitation for trade, investment and financing, and cross-border business expansion, and support enterprises in using the RMB more widely in cross-border economic and trade business, facilitating the exchange of RMB with currencies of other regions. Strengthen financial regulatory communication between the mainland and Hong Kong, and maintain close exchanges on issues of maintaining Hong Kong's financial market stability. 2.4 Promote Hong Kong's consolidation of its position as the world's leading cross-border wealth management center, provide quality services for global sovereign funds and family offices to develop in Hong Kong, and strengthen Hong Kong's function in managing asset allocation and wealth management between the mainland and the world. Improve regulation and market infrastructure, strengthen the professional services ecosystem, actively promote the development of family office business, optimize the tax regime for funds, single-family offices, and carried interest, and drive more international and mainland family capital and long-term funds to settle in Hong Kong and expand business. Expand diversified asset management categories and product choices, promote the development of the fund market, such as alternative asset funds and real estate investment trusts and other diversified asset management tools, thereby comprehensively enhancing the depth and breadth of asset and wealth management. 2.5 Strengthen the function of an international risk management center. Deepen regulatory cooperation with mainland and overseas markets, fully utilize the comparative advantages of international insurance, reinsurance, and capital markets, promote the coordinated development of traditional insurance and non-traditional risk management tools, leverage the superimposed effects of multi-level risk transfer and sharing mechanisms such as insurance-linked securities, captive insurers, and shipping specialized risk pools, and consolidate Hong Kong's strategic function as a regional and even global hub for catastrophe and specialized risk management. At the same time, strengthen the risk-based capital regime of the insurance industry, encourage insurance funds to invest in infrastructure projects in Hong Kong and the mainland, and enhance the insurance industry's risk prevention and control capabilities and risk management culture. Section Two Optimizing the Stock and Bond Markets 2.6 Focusing on the two core markets of stocks and bonds, continuously optimize market institutional design and product ecology. Enhance market depth, breadth, and liquidity, assist mainland enterprises in "going global" and international capital in "coming in." Assume Hong Kong's role as a testing ground for the country's financial opening up, and actively enhance its discourse power and influence as an international financial center. 2.7 Optimize the efficiency of the securities market. Strengthen the competitiveness of the listing regime and improve the operational efficiency of securities market infrastructure, support mainland and overseas industry leaders and quality emerging industry enterprises to list in Hong Kong, including deepening the docking and cooperation between HKEX and the Qianhai Equity Exchange, helping more mainland quality enterprises connect with international capital markets through Hong Kong's listing platform, and building a smoother and more efficient listing service. Improve and expand the financial market connectivity mechanism, expand emerging areas, give play to the function of an investment and financing platform, and promote economic, trade, financial, and infrastructure cooperation with Belt and Road partner countries and emerging economies such as the Global South. 2.8 Optimize the international bond market. Coordinate the promotion of primary market issuance, secondary market liquidity enhancement, offshore RMB business expansion, and fixed income and currency infrastructure development. Improve "Bond Connect" (Southbound Trading), and continue to advance the optimization and expansion of Southbound Trading in terms of investment scale, investor scope, products, and trading arrangements. Promote more mainland institutions to invest in Hong Kong's bond market, and expand the channels and business volume of "Stock Connect", "Bond Connect", "Wealth Management Connect", and "Private Equity Connect". Develop diversified financial products and risk management tools, study the establishment of central counterparty clearing for repurchase transactions and improve the regulation of over-the-counter derivatives. Steadily advance the regular issuance of government digital bonds, improve relevant legal and market supporting measures, promote the popularization of digital bonds, accelerate the commercialization, internationalization, and modernization of the Central Moneymarkets Unit (CMU), promote the connection of local stock and bond central securities depository platforms, build an electronic trading platform for fixed income and currency products that suits Hong Kong's market characteristics and RMB internationalization needs, and develop the CMU into a leading central securities depository institution in the region. 2.9 Attract international financial institutions to set up regional headquarters or offices in Hong Kong, and support financial institutions in using Hong Kong as a regional base. Firmly support multilateral development institutions such as the Asian Infrastructure Investment Bank in using Hong Kong's mature capital market to support project financing, bond issuance, investment, and financial management operations, and actively cooperate with and support the needs of the Asian Infrastructure Investment Bank's office established in Hong Kong. Strengthen the training and introduction of international financial talent, improve professional qualification alignment, practical training, and cross-border exchange mechanisms, and strengthen the financial talent pool with international vision and professional capabilities. 2.10 Strengthen financial institution building and international financial participation and cooperation. Deeply participate in regional and global financial development processes. Support large mainland financial institutions in using Hong Kong's platform to enhance comprehensive service levels, help mainland financial institutions increase capital investment in Hong Kong, and use Hong Kong as an international headquarters to develop overseas business. Give play to the role of mainland large financial institutions' Hong Kong offices as group risk management centers and operating bases, and support mainland banks and insurance companies (especially international reinsurance companies) in exploring international markets. Give play to the role of other mainland financial institutions' Hong Kong offices as windows for internationalized operations. Give play to the role of Chinese enterprises' transit station for going global. Hold high-level financial events and deepen international exchanges and practical cooperation. 2.11 Facilitate company re-domiciliation to Hong Kong. Guide in an orderly manner overseas enterprises (especially financial institutions) with good capital, governance, and substantive operations to re-domicile to Hong Kong, and enhance the quality and stability of financial entities in Hong Kong. Section Three Building a Commodity Trading Ecosystem 2.12 Using gold as the entry point, build a commodity trading ecosystem. Comprehensively promote the coordinated development of clearing systems, warehousing, supply, and infrastructure related to gold trading, and fully leverage the role of gold as a strategic asset. In the long run, benchmark against major international gold trading centers and achieve a development pattern of parallel dual tracks in software and hardware. Accelerate the construction of infrastructure to provide efficient and trustworthy services for international standard gold trading. Provide all-round support for more gold merchants and financial institutions to establish a presence in Hong Kong and expand capacity and volume. Comprehensively enhance Hong Kong's gold storage capacity and refining capability. Strengthen local talent training and study providing further preferential policies for gold-related enterprises. Deepen cooperation between the local and mainland gold markets, actively advance connectivity, build a one-stop storage, trading, clearing and service center, and construct an integrated gold ecosystem. Explore the development of an RMB-denominated gold market and commodity market, strengthen cooperation with mainland exchanges such as the Shanghai Gold Exchange and the Shanghai Futures Exchange, increase efforts to attract international investors, and increase RMB-priced products. 2.13 Coordinate and promote innovative breakthroughs in offshore RMB commodity trading. Fully leverage Hong Kong's unique advantage as a licensed delivery point in the London Metal Exchange's global warehouse network, drive more coordinated development of commodity-related trading, risk management, and financing businesses, explore new directions to open up demand for other investment tools, and build an efficient and open commodity ecosystem. Further enrich the variety of RMB-denominated and settled commodity futures and options in Hong Kong, and encourage and support the use of RMB denomination and settlement in Hong Kong's spot commodity trading. Develop RMB commodity trading with differentiated and complementary development relative to the mainland market, including coordinated cooperation with the Qianhai Mercantile Exchange. Section Four Advancing "Finance+" to Serve the Real Economy with Financial Services 2.14 Advance "Finance + Technological Innovation." Promote patient capital and venture capital and private equity investment in technological innovation and industrial innovation. Optimize the listing regime for technology enterprises and broaden financing channels. Promote the accelerated growth of technology finance and support innovative technology enterprises in financing to become bigger and stronger. Advance digital finance, comprehensively improve the service efficiency and risk prevention and control capabilities of financial institutions, and explore deep applications of digital financial infrastructure. Adhering to the principle of "same business, same risk, same rules," build a world-leading digital asset licensing and regulatory regime, and promote digital asset liquidity and market innovation and development. Attract various financial resources into the field of technological innovation in a market-oriented manner, strengthen frontier scientific research in higher education, transformation and industrialization of scientific and technological achievements, and the development of emerging industries, and support the full life-cycle transformation of scientific research achievements into the market; advance "Finance + Trade." Focus on strengthening trade financing, supply chain finance, settlement and clearing, and risk management services, and strengthen support for small and medium-sized enterprises and cross-border trade; advance "Finance + Green Development." Comprehensively promote the rapid development of green and sustainable finance, promote the building of an international carbon market, help the country's key areas such as industry, transportation, and energy achieve low-carbon transformation, and support green industries in orderly "going global"; advance "Finance + Intellectual Property." Apply the intellectual property financing sandbox, integrate intellectual property into the financial service system, help transform the value of intellectual property, and further unleash the potential of intellectual property as a new growth driver for economic development; advance "Finance + Shipping." In line with the financing needs of the international shipping green transition and the national commodity trade strategy, assist shipping enterprises in expanding diversified financing channels and development space; advance "Finance + Livelihood." Deepen the development of inclusive finance, enhance the coverage and accessibility of financial services, and improve the financial service system for all sectors of society. Section Five Strengthening Financial Risk Prevention 2.15 Safeguard financial security, improve long-term mechanisms, enhance financial risk monitoring, early warning, prevention, and disposal capabilities, and improve cross-market and cross-institution risk joint prevention and control mechanisms. Strengthen risk monitoring in key areas, improve financial infrastructure and data security safeguard systems, and consolidate cybersecurity, fintech regulation, and anti-money laundering capabilities. Chapter Seven International Shipping Center and Aviation Hub 2.16 Consolidate and enhance the status of an international shipping center, stabilize container volume, increase value, and strengthen coordination, take the orientation of shifting from quantity-based to value-based, and accelerate the transformation and upgrading from a "large tonnage port" to a "value port." Accelerate the development of modern shipping services, build a diversified and resilient international transport corridor system, promote the healthy and orderly development of international air cargo and the low-altitude economy, and accelerate the promotion of sea-air connectivity and comprehensively enhance Hong Kong's hub function in the national modern transportation network. Section One Promoting Digital, Intelligent, and Green Transformation of Hong Kong's Shipping Industry 2.17 Promote the development of smart and green ports and improve logistics data connectivity. Lead terminal operators to accelerate the pace of intelligentization of Hong Kong's Kwai Tsing Container Terminals. Continuously unleash the development potential of the "Port Community System," deeply integrate with the global shipping business network, and provide local logistics and trading enterprises with one-stop sea, land, and air logistics and supply chain data and value-added services such as "one declaration for multiple reports." Accelerate the building of a green marine fuel bunkering and trading center, deepen collaboration with Pan-Pearl River Delta cities, build a "green energy corridor" centered on Hong Kong, study the joint building of a green and low-carbon full industrial chain and supply chain for new energy ships, and achieve a new pattern of "production and storage in South China, bunkering and trading in Hong Kong, serving global ships," creating a full-process low-carbon regional green marine fuel supply chain system. 2.18 Promote high-quality coordinated port development and deepen cooperation with mainland and international shipping ports. Strengthen the status of an international transshipment hub, integrate into the national logistics hub network, and help the country enhance its competitiveness and leadership in the global shipping layout. Through mutually beneficial cooperation, facilitate goods to be exported via Hong Kong or Yangpu as alternative ports, with the Southeast Asian routes of the two places mutually substituting, forming a dual-hub pattern. Make good use of the comparative advantages of Central and South American routes, collaborate with national backbone cold chain logistics bases in other cities of the Guangdong-Hong Kong-Macao Greater Bay Area, develop Hong Kong into a South China cold chain international trade center, and help the country build a "South China-South America" international cold chain logistics corridor. Continue to deepen the building of the "rail-sea-land-river" multimodal transport system, reduce the cost of goods transiting through Hong Kong by advancing cross-border truck cross-provincial operation and regulatory system reform and promoting mutual recognition of commercial vehicle licenses in the Guangdong-Hong Kong-Macao Greater Bay Area, and achieve the goal of "stabilizing container volume." Section Two Building a High Value-Added Maritime Services Ecosystem 2.19 Strengthen high value-added maritime services. Further optimize the ship registration system, enhance Hong Kong's competitiveness as a top international shipowner registration location, attract more ships to register in Hong Kong, expand the scale of Hong Kong ship registration, and with quality improvement as the core orientation, drive the upgrading and development of the high value-added maritime services cluster, while fully leveraging Hong Kong's advantages in ship management, shipping finance, marine insurance, maritime arbitration, and other maritime services. Assist enterprises from Belt and Road partner countries in exploring mainland and Asian markets. Promote industry stakeholders and training institutions to integrate existing resources and professional strengths, collaborate together, further build a systematic training framework, and establish a stable talent pool for high value-added maritime services. Section Three Enhancing the Status of an International Aviation Hub 2.20 Enhance the competitive advantages of Hong Kong International Airport as an aviation hub. Continue to open new routes, strategically attract local and non-local airlines to expand new destinations and increase flights, and strengthen Hong Kong's long-haul route network, especially connecting Belt and Road partner countries. Deepen international cooperation, actively participate in international civil aviation conferences, proactively visit civil aviation partners, discuss the conclusion of new civil aviation agreements or the expansion of air traffic rights, and give priority to regions with further development potential and new growth points, such as South America, Central Asia, Africa, and the Middle East. Advance the development of "Airport City," drive high-end commercial and tourism activities, and strengthen the transit attractiveness of Hong Kong International Airport. 2.21 Deeply participate in the development of the national aviation network. On the existing highly internationalized network, proactively align with the national aviation network development strategy, fully leverage Hong Kong's advantages of "internal connectivity and external outreach," actively integrate into the national "one circle, six corridors, five channels" development, support and serve the country's global route network radiation capacity, enhance the resilience and accessibility of the country's overall aviation network, and better respond to the reshaping of the global route network. Strengthen cooperation among airports in the Guangdong-Hong Kong-Macao Greater Bay Area in operational coordination, airspace optimization, and multimodal transport, promote resource sharing and functional complementarity within the airport cluster, enhance overall operational efficiency and service quality, and drive the enhancement of the international competitiveness of the Guangdong-Hong Kong-Macao Greater Bay Area airport cluster. Section Four Building a New Aviation Industry Ecosystem 2.22 Build an internationally competitive aviation industry ecosystem. Build an aircraft parts processing and trading industry ecosystem, form a "front shop, back factory" aircraft parts industry cluster and Asia's first aircraft parts processing and trading center. Actively participate in the development and certification of domestically produced aircraft, fully play the role of a bridge, and help domestically produced aircraft enter the world market through Hong Kong. Give play to the industrial building role of Hong Kong's Sustainable Aviation Fuel (SAF) production base in Dongguan, promote the building of the Guangdong-Hong Kong-Macao Greater Bay Area SAF industrial chain, including building fuel blending facilities in Hong Kong, and help the country's development in the SAF field. 2.23 Build the Asia-Pacific hub for low-altitude innovative applications. Formulate and implement the "Development of Low-Altitude Economy Planning and Action Agenda." Improve the regulatory framework, standard setting, infrastructure