How does Hong Kong stay relevant in China’s new technological era? Innovation holds the key, analysts say

  • Communist Party leadership declares self-sufficiency in technology a core element of China’s modernisation
  • Beijing promises to uphold Hong Kong prosperity, stability in fifth plenum communique, but no mention of ‘one country, two systems’ as previously referred to

Hong Kong was referred to once in a Communist Party communique focusing on driving forward the nation as a technology powerhouse. Photo: EPA-EFE

Hong Kong must work closely with Shenzhen and other neighbours over the border on technological innovation to stay relevant, according to analysts, after Communist Party leaders on Thursday made self-sufficiency in that field a top priority for the Chinese nation.

A communique issued at the conclusion of the fifth plenum, a major four-day meeting of the country’s top decision-makers, also vowed that Beijing would ensure the long-term prosperity and stability of Hong Kong and Macau, but made no other direct reference to the international finance hub.
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