Hong Kong’s 5-year plan needs ambition to match Beijing’s expectations

Repackaging familiar initiatives is not enough – city leaders must deliver clear directions, tangible targets and real accountability Much of this will sound familiar from past policy addresses and government documents. That is understandable in a consultation paper seeking public views before the plan is completed, but the final plan cannot merely repackage familiar initiatives. It must express ambition commensurate with the national 15th five-year plan and subsequent documents elaborating national priorities. In finance, deepening equity and bond markets, expanding asset and wealth management, developing fintech and consolidating Hong Kong’s role as the leading offshore renminbi centre are important but already expected.

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