Hong Kong Financial Secretary Paul Chan Mo-po announced that the Hong Kong SAR government will initiate public consultation on its inaugural Five-Year Plan starting June 15. The plan, open for consultation over two months, aims to boost economic development and technology application while fostering a more inclusive society. Key strategic directions include "AI+" and "Finance+", emphasizing AI's role in enhancing industry competitiveness and finance's potential to improve data analysis and risk management.
Chan highlighted the increasing liquidity in Hong Kong's stock market, with an average daily turnover surpassing HK$270 billion in the first five months of the year, marking a 14% year-on-year increase. New economy companies now represent about 25% of the total market capitalization of Hong Kong stocks, underscoring the region's evolving financial landscape.
Hong Kong to Launch First Five-Year Plan Focused on 'AI+' and 'Finance+'
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