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Hong Kong economy
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Hong Kong’s first 5-year plan to tackle economic gaps, boost quality jobs: Paul Chan

Finance chief also says city will make Northern Metropolis megaproject ‘spatial carrier’ for emerging industries

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Residents buy food from Hong Kong’s first smart catering robot at Wan Tau Tong Square in Tai Po. Photo: Sam Tsang
Paul Chan watches a robot demonstration. The finance chief says the blueprint will look into better applying technology for growth. Photo: Dickson Lee
Leopold Chen

Hong Kong’s first five-year plan will map out ways to tackle the city’s shortcomings, improve residents’ lives and create better jobs, including through leveraging AI, the finance chief has said ahead of a public consultation on the blueprint.

Financial Secretary Paul Chan Mo-po said on Sunday that a key task for the plan would be upgrading and transforming the city’s economy, while also vowing to make the Northern Metropolis a “spatial carrier” for emerging and future industries.

“Hong Kong’s five-year plan aims not only to provide greater momentum for economic development and better application of technology, but also to promote more inclusive and equitable development in society, provide residents with more quality employment opportunities and create a better life,” he said in his weekly blog.

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The initiative is being led by Chief Executive John Lee Ka-chiu, with the blueprint expected to be finalised before the end of the year.

Lee said last week that the two-month public consultation for the plan would begin on Monday, confirming an earlier South China Morning Post report.

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The public can submit views via dedicated websites, and the government will hold multiple sessions to gather input from various sectors, including lawmakers and industry representatives.

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