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Stop mourning Hong Kong. It’s evolving, not dying

What comes next for Hong Kong as a global financial hub?

Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in Shenzhen

Hong Kong’s economic and trade network plays to city’s strengths

Hong Kong economy

Hong Kong’s 5-year plan: what’s at stake?

Illustration: Davies Christian Surya

News

Hong Kong

Hong Kong Economy

Why does Hong Kong need a 5-year plan – and will it crimp its free-market economy?

Illustration: Victor Sanjinez

Hong Kong is moving into uncharted territory by rolling out a five-year plan. Photo: Sam Tsang

 Macau is expected to release its third five-year plan this month. Photo: Eugene Lee

Lawmaker Rock Chen says long-term planning can ensure policy continuity. Photo: Jelly Tse

American free-market economist Milton Friedman once called Hong Kong his “favourite economy”. Photo: SCMP

Deng Xiaoping said that both planning and the market were tools for allocating resources. Photo: AFP

Economist Heiwai Tang says Hong Kong needs to be more resilient. Photo: Sun Yeung

As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy.


Unpacking Hong Kong's five-year plan and its role in China's development

In a milestone moment, Hong Kong will unveil its first-ever five-year plan in September, aligning the city’s priorities with the nation’s 2026-2030 development blueprint.


Illustration: Henry Wong

Our Hong Kong Foundation vice-president Kenny Shui says yuan globalisation is a key plank of Beijing’s plans for Hong Kong under the 15th national five-year plan. Photo: Elson LI

Mofiz Chan of the Hong Kong Securities and Futures Professionals Association says the city should offer more renminbi-denominated products to boost the yuan’s pricing power among international assets. Photo: Jonathan Wong

Dan Ronald Leung, CEO of Esperanza Fintech Group, says the city needs to help Chinese financial products expand overseas at a time when the US dollar is being “deglobalised”. Photo: Jonathan Wong

Hong Kong was the world’s top IPO destination until June, when billionaire  Elon Musk’s SpaceX listed in New York. Photo: Elson Li

Hong Kong needs more yuan products, commodity trading infrastructure and fintech innovation, market participants say.


With Hong Kong’s leader expected to unveil the city’s first five-year plan in September following a two-month public consultation, the South China Morning Post examines how the financial hub can deliver on its game-changing ambitions and what is at stake.


Series

Hong Kong’s 5-year plan: what’s at stake?

With Hong Kong’s leader expected to unveil the city’s first five-year plan in September following a two-month public consultation, the South China Morning Post examines how the financial hub can deliver on its game-changing ambitions and what is at stake.

In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?

As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy.

Unpacking Hong Kong's five-year plan and its role in China's development

In a milestone moment, Hong Kong will unveil its first-ever five-year plan in September, aligning the city’s priorities with the nation’s 2026-2030 development blueprint.

In Focus | What comes next for Hong Kong as a global financial hub?

Hong Kong needs more yuan products, commodity trading infrastructure and fintech innovation, market participants say.

Hong Kong’s 5-year plan: what’s at stake?

With Hong Kong’s leader expected to unveil the city’s first five-year plan in September following a two-month public consultation, the South China Morning Post examines how the financial hub can deliver on its game-changing ambitions and what is at stake.

.css-1f6sr3w{color:#727272;}In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?

As Hong Kong embraces long-term planning for the first time, economists and officials debate whether strategic state guidance can coexist with its open, market-led economy.

Unpacking Hong Kong's five-year plan and its role in China's development

In a milestone moment, Hong Kong will unveil its first-ever five-year plan in September, aligning the city’s priorities with the nation’s 2026-2030 development blueprint.

In Focus | What comes next for Hong Kong as a global financial hub?

Hong Kong needs more yuan products, commodity trading infrastructure and fintech innovation, market participants say.

In Focus | Why does Hong Kong need a 5-year plan – and will it curb its free-market economy?