Representatives from various sectors in Hong Kong urged the city to proactively ride on the momentum generated by the nation’s 15th Five-Year Plan and to dovetail with the new national blueprint to achieve greater success.
The fourth plenary session of the 20th Central Committee of the Communist Party of China, held in Beijing between Monday through Thursday, adopted the Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for Economic and Social Development.
Lau Siu-kai, a consultant with the Chinese Association of Hong Kong and Macao Studies, said that since the beginning of the 14th Five-Year Plan in 2021, the central government has actively incorporated Hong Kong's development into the national framework while propelling the city’s growth through different policy measures.
Anticipating closer alignment between Hong Kong and the national development strategy in the upcoming 15th Five-Year Plan, Lau said he expects Hong Kong to benefit from the economic momentum generated by the Chinese mainland’s high-quality growth, and to benefit from additional favorable policies introduced by the central authorities.
Henry Tang Ying-yen, a Hong Kong member of the Standing Committee of the Chinese People’s Political Consultative Conference National Committee, said he is confident that the 15th Five-Year Plan will elevate the country in economic, technological, innovative, and creative terms, opening up new development opportunities for Hong Kong’s economy.
He said that Hong Kong is at a pivotal moment in its economic development, with the nation serving as its steadfast support. Therefore, stakeholders across all sectors should seize these opportunities, leveraging Hong Kong's unique strengths under the “one country, two systems” principle to deepen the city's integration into national development, align more closely with national strategies, and generate stronger momentum for local growth.
