Chinese vice-premier stresses new significant development opportunities for Hong Kong

HONG KONG -- Chinese Vice-Premier He Lifeng has said Hong Kong will embrace new major development opportunities as a pivotal document outlining priorities for the country's next five-year plan makes important deployments to support the development of this special administrative region.

In a video address to the Global Financial Leaders' Investment Summit being held in Hong Kong from Monday to Wednesday, He, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, emphasized that China's emerging development blueprint portrays an even brighter future for Hong Kong.

The 20th CPC Central Committee convened its fourth plenary session about two weeks ago, adopting recommendations for formulating China's 15th Five-Year Plan (2026-30).

During the outgoing 14th Five-Year Plan period (2021-25), Hong Kong, with the support of the central government, has fully capitalized on its unique position to not only contribute to the country's reform and development -- but also secure and consolidate its own stability and growth, He said.

He urged Hong Kong to better play its unique role to actively participate in the research and practice of global financial governance and push for its reform.

Moreover, the vice-premier pledged that China will expand its high-standard institutional opening up, work together with other nations to address problems and challenges facing global economy and trade, and jointly uphold a healthy and stable international economic and trade order, so as to inject more stability and momentum into the global economic, trade and financial systems full of uncertainties, and promote the prosperity and stability of the world economy.