The Hong Kong Chinese General Chamber of Commerce offers recommendations on the five-year plan and the policy address, proposing four major development visions.
Zeng Zhiming, Vice President of the China General Chamber of Commerce, believes that the Five-Year Plan and the Policy Address are part of a coherent strategic system that combines both long- and short-term approaches.
The Hong Kong Chinese General Chamber of Commerce has made recommendations regarding Hong Kong's first five-year plan and the latest Policy Address. In terms of the five-year plan, the Chamber hopes that the inaugural document will effectively translate the policy blueprint into market opportunities, ensuring that policy dividends genuinely reach the industrial and business levels. It suggests that the first five-year plan should establish four development visions that align closely with the national "14th Five-Year Plan," along with 65 specific policy recommendations.
Focusing on the four development visions, the Chamber proposed 65 specific suggestions covering areas including: first, upgrading roles; Hong Kong should elevate its function from a supportive connector to an active participant and co-builder in the nation's development strategy. Second, speeding up the Northern Metropolis; the construction of the Northern Metropolis should adhere to the principle of "industry-driven, infrastructure-first, and synchronized with people's livelihood," using university towns and innovation and technology parks as twin engines to promote the organic integration of industrial development and community building.
Third, integrating industries; it seeks to promote mutual empowerment between traditional industries and innovation and technology industries to create a sustainable positive cycle. Fourth, shaping the brand; Hong Kong possesses unique advantages such as a highly efficient business environment and a spirit of professional service. The first five-year plan can integrate these advantages to build a unified "Hong Kong City Brand."
The Chamber emphasized that the key to implementing the four development visions lies in execution effectiveness, recommending the establishment of a permanent committee composed of representatives from the government, business sector, think tanks, and academia to regularly review implementation progress. It also suggests creating a quantitative indicator system that distinguishes between "restrictive indicators" and "expected indicators" to ensure that the plan's contents are transformed into actionable, monitorable, evaluable, and accountable steps.
Regarding the Policy Address, the Chamber pointed out that it must focus on the urgent needs of the industrial and commercial economy as well as societal livelihood, aligning with the five-year plan through a "long-short combination to convert the strategic blueprint into actionable annual plans.
The Chamber has presented four major categories of recommendations for the new Policy Address: first, the development of the Northern Metropolis is a top priority. It suggests actively attracting leading enterprises through an industrial chain investment model and breaking through the Bay Area's "soft connectivity" barriers via specific pilot projects. Second, consolidating the "four centers and one high ground," which includes creating an "Asian gold trading and reserve center" and strengthening institutional innovation measures for initiatives related to the "Belt and Road" and ASEAN port cooperation. In terms of talent policy, it can be achieved through developing a talent strategy blueprint, establishing a mechanism that attracts high-end talents, and coordinating with the construction of the Northern Metropolis university town to provide tax and visa conveniences for incoming talents.
Third, activating the momentum of emerging industries, promoting the development of the medical industry, and enhancing the economy of cultural, sporting, and tourism events, while increasing support for small and medium-sized enterprises to transform. Fourth, addressing social livelihood issues, which includes improving measures to encourage childbirth, enhancing STEAM education, and expanding support for youth employment and entrepreneurship, thereby promoting long-term sustainable social development.
The Chamber's vice president, Tsang Chi-ming, believes that the five-year plan and the Policy Address represent a complementary strategic system that combines long- and short-term elements. The former outlines the strategic blueprint for medium- to long-term development, while the latter formulates specific annual action guidelines based on this; the two must be organically connected to transform the vision into practical policy measures.
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