Hong Kong to Launch Two-Month Public Consultation on First Five-Year Plan on June 15

Hong Kong’s Financial Secretary Paul Chan Mo-po said the Hong Kong Special Administrative Region government will launch a two-month public consultation on the city’s first five-year plan on June 15. According to Odaily, Chan wrote in a blog post that the plan aims to strengthen economic growth momentum, promote better application of technology, and support a more inclusive society with more quality job opportunities and improved living standards. Chan said “AI+” and “Finance+” are two strategic directions for further discussion. He said AI is no longer limited to the innovation and technology sector and plays a key role in improving competitiveness across industries, including by enhancing data analysis, risk management, and customer service in finance. He added that “Finance+” refers to making better use of Hong Kong’s full-chain financing and fundraising functions, including building a more complete patient capital system to support frontier technology companies.