Financial Secretary Paul Chan Mo-po said on Sunday that the government is expediting the compilation of Hong Kong's first five-year plan for completion this year, leveraging the city's unique strengths to seize growth potential.
As China's Special Administrative Region, Hong Kong should deeply study the 15th Five-Year Plan, as understanding the macro layout and national development needs is essential for better integrating into and serving the overall picture, Chan said in his blog.
Participating in the country's development is not only Hong Kong's responsibility but also a massive opportunity, he said, adding that the outline of the 15th Five-Year Plan provides clear guidelines for supporting Hong Kong to consolidate and enhance its competitive advantages and better integrate into and serve the nation's overall development.
With its world-class financial market and professional services, Hong Kong can provide strong support for accelerating the development of a modern industrial system, as well as the deep integration of innovative technology and industries, he noted.
The city will also speed up the development of full-chain financing, intellectual property financing, testing and certification, as well as technology service industries that better cater to the development needs of technology enterprises, Chan said.
Besides, Hong Kong should devise more specific and practical measures to enhance the alignment of rules and mechanisms with sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, and promote the convenient cross-boundary flow of innovation factors, he added.
