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Hong Kong five-year plan should set clear 2030 path, SCMP says
The consultation covers areas including the Northern Metropolis, closer Greater Bay Area integration, and steps to deepen equity and bond markets.
Hong Kong’s first five-year plan will be judged on whether it clearly lays out where the city aims to be by 2030 and how it plans to get there, according to analysis from SCMP Economy. The outlet says the public consultation document covers key ground, including the Northern Metropolis and Hong Kong’s role as an international financial, trade, maritime, and aviation centre.
The consultation also addresses integration with the Greater Bay Area and support for the Belt and Road Initiative, alongside social priorities such as housing, education, and manpower. It further includes sections on culture, sports, tourism, and green living.
While the plans described may sound familiar from prior policy addresses, SCMP Economy argues the final version cannot simply repackage existing initiatives. Instead, it should show ambition aligned with the national 15th five-year plan and subsequent documents setting out national priorities.
On the finance front, the outlet highlights the need to deepen Hong Kong’s equity and bond markets, expand asset and wealth management, develop fintech, and consolidate the city’s position as the leading offshore renminbi centre. It adds that these financial elements are already expected, implying the final plan should go further on ambition and implementation.