Key facts
- Hong Kong is launching its first five-year plan to tackle economic disparities and enhance socio-economic benefits.
- The plan will focus on upgrading the economy, leveraging technology like artificial intelligence to create quality jobs.
- Financial Secretary Paul Chan stated the blueprint aims for more inclusive and equitable development.
- The plan is led by Chief Executive John Lee and is expected to be finalized by the end of 2026.
- A two-month public consultation period for the plan's outline begins Monday.
Hong Kong is set to launch its first five-year plan, designed to address the city's socio-economic shortcomings and foster economic development. Financial Secretary Paul Chan Mo-po announced that the blueprint will outline concrete strategies for economic upgrading, emphasizing the role of artificial intelligence in creating quality jobs and promoting inclusive growth.
The plan, spearheaded by Chief Executive John Lee Ka-chiu, is anticipated to be finalized by the end of 2026. A public consultation period for the plan's outline will commence on Monday and run for two months, during which the government will solicit views from various sectors, including lawmakers and industry representatives.