Hong Kong leader says new five-year plan will preserve city’s global role

Hong Kong Chief Executive John Lee Ka-chiu has said the city’s first five-year plan reflects its identity as an international city while maintaining a market economy. Speaking at a National Day reception, Lee highlighted three features of the blueprint, which was unveiled last month. He said it was developed under the Basic Law and adhered to the “one country, two systems” principle.

Lee said the Basic Law provides for capitalism, the common law system and the free movement of capital, people, goods and information. He said the plan combined an “effective market” with a “capable government”. The blueprint covers Hong Kong’s economic and social development from 2026 to 2030.

It aims to consolidate the city’s status as an international financial, maritime, aviation and trade centre, while accelerating its development as an innovation and technology hub. The plan also seeks to establish Hong Kong as an international centre for high-calibre talent. Lee said it was intended to guide policies and major projects based on the city’s particular strengths and conditions.

He said the document was not simply a list of measures, but a strategic plan designed to use the advantages of “one country, two systems” and align with national development. At the reception, Hong Kong’s first astronaut, Lai Ka-ying, addressed attendees from China’s space station. Lai said she was proud to celebrate National Day in space and expressed confidence in China’s support for Hong Kong and Macau.

She said Hong Kong would prosper by integrating with and serving national development under the plan.