Hong Kong's first five-year plan aims to add jobs, homes

Hong Kong's first five-year plan aims to add jobs, homes

Hong Kong leader John Lee unveiled the city's first five-year plan on Wednesday (September 16), aiming to boost residents' livelihoods and cement its position as a global financial hub, while beefing up technology ties with the mainland.

The sweeping plan, which follows two months of government consultations with lawmakers and residents, spans areas from the economy to jobs, education and health, as Lee promised to add 196,000 public housing units within five years.

Hong Kong will step up efforts to cement its role as an international financial hub by expanding its offshore yuan business, deepening capital markets and growing its asset, wealth and commodities sectors, Lee said in his 2026 policy address.

The five-year plan's major aims include solidifying Hong Kong's financial, maritime and trade areas, accelerating efforts in information and technology and strengthening its role as a global offshore renminbi hub.

REUTERS VIDEO

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