Advertisement
Hong Kong economy
Hong KongHong Kong Economy

15th five-year plan presents ‘golden strategic period’ for Hong Kong: Paul Chan

Finance chief says city will adopt AI and finance strategies to support nation’s development blueprint

3-MIN READ3-MIN
1
Listen
Financial Secretary Paul Chan delivers his budget address at the Legislative Council. Photo: Eugene Lee
Leopold Chen

Hong Kong’s financial chief has vowed to serve the nation and seize opportunities from the newly unveiled 15th five-year development plan, calling it a “golden strategic period” with great potential amid escalating geopolitics.

Financial Secretary Paul Chan Mo-po said on Sunday that Hong Kong would adopt “Artificial Intelligence+” and “Finance+” approaches to support mainland China’s development plan for 2026 to 2030.

Beijing on Thursday revealed the sweeping blueprint during the annual “two sessions” meetings, amid escalating US-Israel strikes on Iran that have spiralled into a broader Middle East conflict.

Advertisement

Chan said the turbulent geopolitical landscape had been a drag on global economic growth momentum, but the central government’s leadership, stable internal policies and technology innovation offered hope.

“The 15th five-year plan has provided a clear direction for Hong Kong’s future development and further strengthens the confidence of all sectors of society,” he said in his weekly blog post.

Advertisement

“The 15th five-year plan presents boundless opportunities, and Hong Kong has much to offer. Moving forward, we need everyone to work together to better integrate into and serve the overall development of the country, thereby bettering our own growth.”

Advertisement
Select Voice
Select Speed
1.00x