Outline of the 14th Five-Year Plan for National Economic and Social Development

The Dedicated Chapter on Hong Kong and Macao in the 14th Five-Year Plan acknowledges the functions and positioning of Hong Kong in the development the country, which includes support for Hong Kong to enhance its status as an international financial, transportation and trade centre; strengthening its status as a global offshore Renminbi business hub, an international asset management centre and a risk management centre; establishing itself as a centre for international legal and dispute resolution services in the Asia-Pacific region; and promote service industries for high-end and high value-added development. Furthermore, the 14th Five-Year Plan raises for the first time the support for Hong Kong to enhance its status as an international aviation hub, to develop into an international innovation and technology hub and a regional intellectual property trading centre, and to develop into a hub for arts and cultural exchanges between China and the rest of the world.

On high-quality Greater Bay Area (GBA) development, the 14th Five-Year Plan mentions the deepening and widening of mutual access between the financial markets of Hong Kong and the Mainland and strengthening exchanges and co-operation between Hong Kong and the Mainland on different fronts, and, for the first time, includes the Shenzhen-Hong Kong Loop as a major platform of co-operation in the Greater Bay Area.

Hong Kong will proactively become a participant in domestic circulation and a facilitator in international circulation amidst the 'dual circulation' development strategy of the country with the support of the 14th Five-Year Plan. Hong Kong will take the GBA development as the best entry point to better integrate into the overall development of our country, which will bring continuous impetus to Hong Kong's economy.