Chinese Vice-Premier He Lifeng said Hong Kong will seize a major new development opportunity as a key document outlining priorities for the country's next five-year plan makes important commitments to support the development of the special administrative region.
In a video address at the Investment Summit of Global Financial Leaders, which is being held in Hong Kong from November 3-5, He, who is also a Politburo member of the Communist Party of China (CPC) Central Committee, stressed that China's emerging development plan paints an even brighter future for Hong Kong.
The 20th Central Committee of the Communist Party of China held its fourth plenary session about two weeks ago, at which it approved the draft formulation of China's 15th Five-Year Plan (2026-2030).
During the outgoing 14th Five-Year Plan (2021-2025), Hong Kong, with the support of the central government, has fully exploited its unique position and not only contributed to the country's reform and development, but also secured and consolidated its own stability and growth, he said.
He urged Hong Kong to better play its unique role and actively participate in the research and practice of global financial governance and advocate for its reform.
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