Hong Kong is set to launch its first-ever five-year development plan, aligning closely with the Chinese mainland's 15th Five-Year Plan, Financial Secretary Paul Chan announced on February 25, 2026. The initiative, led by a newly formed cross-bureau task force, aims to strengthen the city's role in national strategies while enhancing its global competitiveness.
Chan revealed the plan during his 2026 budget speech, emphasizing Hong Kong's unique position to drive innovation in artificial intelligence, life sciences, fintech, and renewable energy. "Our world-class research institutions and financial infrastructure position us as a critical partner in advancing high-level technological self-reliance," he stated.
The strategy focuses on three key pillars: reinforcing Hong Kong's status as an international financial hub through "Finance+" initiatives, leveraging its logistics networks as a "super connector" for global trade, and attracting top-tier talent through enhanced education and immigration policies. The plan aligns with broader efforts to integrate Hong Kong's development with national priorities while maintaining its distinct advantages under "One Country, Two Systems."
Chan highlighted upcoming investments in cross-border infrastructure and academic partnerships, noting that Hong Kong's universities will play a central role in developing next-generation technologies. The government also plans to expand professional training programs to nurture local talent in emerging fields.
