Hong Kong will continue to uphold its capitalist system and the “one country, two systems” principle under its first five-year plan for economic and social development, Chief Executive John Lee Ka-chiu said.
In an opinion article published as the government prepares to release the blueprint, Lee said the plan is intended to guide Hong Kong’s development while strengthening the city’s role in China’s broader national strategy. He said the ultimate goal is to create conditions that allow residents to prosper and improve their quality of life.
The five-year plan comes as Hong Kong seeks to balance its longstanding position as an international financial and business centre with deeper integration into mainland China. Lee said the city would make use of its unique advantages under “one country, two systems” while contributing to national development.
The blueprint is also expected to focus on strengthening Hong Kong’s economic competitiveness, developing emerging industries and making better use of opportunities created by China’s 15th Five-Year Plan. The city has increasingly positioned itself as a bridge between mainland China and international markets.
Hong Kong’s financial sector has shown signs of renewed momentum. The city raised US$83.5 billion through initial public offerings and other share sales during the first eight months of 2026, while more than 400 companies expanded or established operations there this year.
Lee has also stressed that Hong Kong’s capitalist system remains an important part of its identity and competitive advantage. The government hopes to preserve those strengths while making the city more closely connected to national economic priorities.
The plan is being introduced at a time when Hong Kong continues to navigate significant political and economic changes. The city has seen closer integration with mainland China since the introduction of the national security law in 2020, while authorities have sought to reassure businesses that Hong Kong remains an international financial centre.
Lee said the five-year blueprint should provide a long-term framework for economic growth and improvements in people’s livelihoods. Its implementation will be closely watched as Hong Kong seeks to strengthen its competitiveness while maintaining the characteristics that have historically distinguished its economy.
The plan is expected to set priorities for the coming five years and outline how Hong Kong can make greater use of its international connections, financial expertise and position within the Greater Bay Area and China’s wider development strategy.
Leave a Reply