World News by Wild Rose

Hong Kong refrained from setting overly rigid economic indicators in its first five-year plan to avoid fuelling concerns that it was moving towards a planned economy, according to the city’s constitutional affairs minister. The current priority should be hitting targets instead of dwelling on accountability mechanisms for potential shortcomings, Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa said. Tse also emphasised the government’s efforts to explore administrative...

Hong Kong deserves credit for its first five-year plan, accompanied by a detailed policy address. The plan establishes a useful framework beyond the annual policy cycle. Precisely because this is an important first effort, it is worth asking what could make the framework even stronger. One striking omission is that the five-year plan never explicitly mentions climate change. This does not mean Hong Kong is failing to act. On the contrary, the plan and policy address contain many measures dealing...

US-China biotech deals are expected to thrive because Washington is reportedly leaning away from sweeping restrictions, according to analysts, giving Chinese healthcare firms a major boost following Beijing’s ambitious five-year plan for the sector. Out-licensing deals between China and the US would “ride on a high tide” in the favourable environment, said Nomura’s head of China healthcare research Jialin Zhang, in a research note on Sunday. The US Treasury Department was drafting investment...

Download the PDF This is the second part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address. Click here for part one. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.

Download the PDF This is the first part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address. Click here for part two. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.

This is the second part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address, click here for part one. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.

This is the first part of a Factsheet series on Hong Kong’s debut five-year plan and the 2026 policy address, click here for part two. The series was produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will be available in the SCMP print edition on September 21. You can find it at newsstands and convenience stores. For any inquiries, contact printsupport@scmp.com.

Hong Kong Chief Executive John Lee Ka-chiu presented the city’s first ever five-year plan, including steps to bolster innovation, birth rates and financial activity. The city aims to raise spending on innovation to 3 per cent of gross domestic product after 2030 from 1.63 per cent in 2024, Lee said as he announced the plan on Wednesday alongside the traditional annual policy address. There were also steps to accelerate construction of the tech-focused Northern Metropolis megaproject on the...

Hong ⁠Kong leader ​John Lee on Wednesday unveiled the city's first five-year plan to boost its global position as a financial hub. The plan serves as a social and economic roadmap detailing the city-state's strategic priorities, including an aim to expand technology ties with mainland China.

“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and David Ingles give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

Raymond Yeung, Chief Greater China Economist at ANZ, discusses Hong Kong's move to create its own five-year planning blueprint on "Bloomberg: The China Show." (Source: Bloomberg)

This year marks the opening year of the national 15th five-year plan. Faced with accelerating change globally and significant opportunities brought by national development, Hong Kong must better integrate into and serve the overall national development, enabling our economic progress to reach new heights while enhancing people’s livelihood and well-being. This February, I announced that the Hong Kong Special Administrative Region government would formulate the city’s first five-year plan. I led...