Hong Kong sets 5-year plan to double innovation spending, boost new industries

South China Morning Post - Sep 16, 2026

Hong Kong’s leader has unveiled the city’s first five-year blueprint, aligned with China’s national development strategy, setting targets to nearly double innovation spending and raise the share of manufacturing and new industries to 5.5 per cent of the economy. In a historically significant new approach, Chief Executive John Lee Ka-chiu prefaced his annual policy address on Wednesday with a comprehensive set of binding and anticipatory or aspirational longer-term targets for Hong Kong up to the...

Read full article

More News

Recommended

Asia Viral News

Asia Viral News features the latest and most trending news from Asia. Get ready to immerse yourself in the daily engaging topics with share-worthy news only in Asia Viral News.

Newsletter