Chief Executive John Lee stated today (Nov. 24) that the proposal in the 15th Five-Year Plan to enhance Hong Kong's role as an international financial, shipping, and trade center, as well as an innovation and technology hub, aligns with the HKSAR Government's policy direction.
At a media briefing, Lee highlighted that since its inauguration, the current government has made significant progress in this area, with measures from the Policy Address being implemented systematically.
On consolidating Hong Kong's financial center status, Lee emphasized the government's commitment to improving connectivity with the mainland, expanding offshore renminbi business, and strengthening Hong Kong as an asset management hub. He noted that steps have been taken to enhance the stock market and attract international investment.
Regarding Hong Kong's position as a shipping and trade center, Lee mentioned the territory's advantages in supply chain management. The government is advancing measures like improving export credit services and developing a smart port system to strengthen shipping links along Belt and Road routes.
For building an innovation and technology center, Lee pointed out that Hong Kong hosts five world-class universities and will focus on leveraging its research strengths and the Greater Bay Area's production capabilities. He noted that the Hong Kong area of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone will officially start operations in December.
Additionally, this year's Policy Address aims to develop Hong Kong as a hub for cultural exchanges, intellectual property trading, and legal services in the Asia-Pacific. Lee affirmed that the HKSAR Government will continue its efforts to enhance Hong Kong's roles in these areas.
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