Vice Premier He Lifeng Outlines Hong Kong's Role in China's 15th Five-Year Plan

Strategic Integration into National Planning

Chinese Vice Premier He Lifeng recently addressed a prominent financial summit, underscoring the central government's commitment to Hong Kong's long-term prosperity. He highlighted that the upcoming 15th Five-Year Plan will provide significant new development opportunities for the city, reinforcing its unique position as a bridge between mainland China and the global economy.

Strengthening Financial Hub Status

During his address, He Lifeng emphasized that Hong Kong must continue to leverage its strengths to support national strategies. Key areas of focus for the city's development include:

• Deepening financial market connectivity and reform.
• Expanding the scope of offshore Renminbi business.
• Enhancing the city's role as a premier international asset management and risk management center.
• Promoting green finance and sustainable economic growth.

The Vice Premier noted that by aligning with the national agenda, Hong Kong can better navigate global economic shifts and maintain its competitive edge.

Commitment to High-Quality Development

The central government's vision for Hong Kong is rooted in the broader objective of high-quality development. He Lifeng stated that the state fully supports Hong Kong in 'actively integrating into the overall national development framework.' This integration is viewed as essential for both the city's internal economic stability and its continued relevance as a global financial powerhouse.

Conclusion

The remarks by He Lifeng signal a continued emphasis on Hong Kong's strategic value to China. As the 15th Five-Year Plan takes shape, the city is expected to play a pivotal role in the nation's financial opening-up and modernization efforts, ensuring its continued status as a vital link in international trade and finance.