Greater Bay Area

Chen Maobo: Hong Kong will steadily promote economic development and actively align with the national "15th Five Year Plan"

2026-01-19   

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, recently attended a special meeting of the Finance Committee of the Legislative Council of the Hong Kong Special Administrative Region and expressed a cautious and optimistic attitude towards the development of Hong Kong in 2026. In addition to steadily promoting economic development, it is necessary to actively align with the national "15th Five Year Plan". Chen Maobo pointed out that in the context of intensified external risks, fluctuations in the capital market are inevitable. We must be cautious. On the one hand, we need to vigorously develop, while on the other hand, we need to coordinate security work, especially financial security, to prevent the occurrence of 'black swan' or 'grey rhino' events and ensure financial stability. "Chan Mo po said that Hong Kong's economic development has been good in the past few months. At the same time, the policy space in mainland China is very abundant, and the economy is steadily growing. This is the biggest backing for Hong Kong's economic growth and also brings us the driving force for economic growth. Chen Maobo said that Hong Kong must better integrate into and serve the overall development of the country, highlighting its unique advantages under the "One Country, Two Systems" policy. He gave an example that the "15th Five Year Plan" will continue to encourage high-level two-way opening up, and more mainland enterprises will go abroad to layout their industrial and supply chains globally. We can invite them to establish a company in Hong Kong and work together with Hong Kong's professional services and business community to sail overseas, better playing the role of Hong Kong's' super contacts' and 'super value-added people'. Chen Maobo pointed out that in the financial field, an important task for the future is the comprehensive layout of RMB internationalization. In terms of trade, we should seize the opportunity of mainland enterprises going global. In the development of innovation and technology, we should vigorously promote the development of artificial intelligence, especially in terms of application scenarios, and closely link and develop with sister cities in the Guangdong Hong Kong Macao Greater Bay Area, complementing each other's advantages and increasing momentum. Chen Maobo believes that with the advantages of Hong Kong as an international financial center, the transformation of basic research results, and the comprehensive industrial foundation and production chain in Shenzhen and other places, the Guangdong Hong Kong Macao Greater Bay Area is fully capable of developing into a region that can compete with the San Francisco Bay Area and the New York Bay Area in the United States, and contribute to national development. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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