China's '15th Five-Year Plan': Hong Kong Government Advises Business Sector to Focus on Two Major Themes
Hong Kong Financial Secretary Paul Chan advised the local business community to pay attention to two main themes in China's '15th Five-Year Plan (2026-2030)': building a modern industrial system led by new productive forces, and reshaping the economic cycle through expanded domestic demand and high-level two-way opening up. This highlights how Hong Kong aims to play its role in the changing global economy.
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- 📰 Published: April 27, 2026 at 17:17
- 🔍 Collected: April 27, 2026 at 17:31 (14 min after Published)
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Central News Agency
(Central News Agency reporter Chang Chien, Hong Kong, 27th) It has been some time since China's '15th Five-Year Plan' (2026-2030) was proposed. Hong Kong Financial Secretary Paul Chan today advised the local business community to focus on two main themes in the plan outline: first, leading the construction of a modern industrial system with new productive forces, and second, reshaping the economic cycle with expanded domestic demand and high-level two-way opening up.
Speaking at the '15th Five-Year Plan and Hong Kong's New Opportunities Summit Forum' today, Paul Chan said that the '15th Five-Year Plan' period has already begun. As part of China, yet also a separate customs territory and an international financial and innovation center, finding its precise positioning and development direction within China's overall development is key for Hong Kong's future.
Hong Kong is also formulating its own five-year plan, which will be completed this year.
He said that Hong Kong needs to formulate this plan because the world is undergoing restructuring; this is not a cyclical up and down, but a fundamental logic shift. Supply chains, industrial chains, capital chains, and innovation chains are accelerating their restructuring, geopolitical and technological competition are intertwined, and unilateralism and protectionism are on the rise.
He emphasized that in such an environment, an economy needs a clear direction to maintain strategic focus.
He said that in the outline of the '15th Five-Year Plan,' two main themes are particularly worthy of attention for the Hong Kong business community: first, leading the construction of a modern industrial system with new productive forces, and second, reshaping the economic cycle with expanded domestic demand and high-level two-way opening up.
Regarding the first main theme, Paul Chan said that the '15th Five-Year Plan' makes comprehensive deployments for the development of scientific and technological innovation to promote deep integration of scientific and technological innovation with industrial innovation. This deep integration is fostering a brand-new industrial organizational form: 'flexible supply chains.'
He stated that traditional supply chains are plan-driven, large-volume, and long-cycle, meaning mass production first, then selling. Flexible supply chains, however, are demand-driven, small-volume, and quick-response, meaning small-scale production to test the waters first, immediately scaling up if popular, and quickly cutting losses if sales are sluggish.
As for the second main theme, its key lies in two-way and circulation. Facing a complex international economic and trade environment, mainland Chinese enterprises no longer need a single 'export port' but a strategic base that can buffer risks, deploy resources, and quickly adapt.
At the same time, China is vigorously expanding domestic demand and boosting consumption, driving the transition from a manufacturing giant to a consumption giant. This means that more global high-quality goods and services need efficient access to the mainland market. As domestic demand shifts from quantitative expansion to qualitative upgrading, Hong Kong's role as the first stop and transformer for international high-quality resources will only become more crucial. (Edited by Chen Kai-yu) 1150427
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(Central News Agency reporter Chang Chien, Hong Kong, 27th) It has been some time since China's '15th Five-Year Plan' (2026-2030) was proposed. Hong Kong Financial Secretary Paul Chan today advised the local business community to focus on two main themes in the plan outline: first, leading the construction of a modern industrial system with new productive forces, and second, reshaping the economic cycle with expanded domestic demand and high-level two-way opening up.
Speaking at the '15th Five-Year Plan and Hong Kong's New Opportunities Summit Forum' today, Paul Chan said that the '15th Five-Year Plan' period has already begun. As part of China, yet also a separate customs territory and an international financial and innovation center, finding its precise positioning and development direction within China's overall development is key for Hong Kong's future.
Hong Kong is also formulating its own five-year plan, which will be completed this year.
He said that Hong Kong needs to formulate this plan because the world is undergoing restructuring; this is not a cyclical up and down, but a fundamental logic shift. Supply chains, industrial chains, capital chains, and innovation chains are accelerating their restructuring, geopolitical and technological competition are intertwined, and unilateralism and protectionism are on the rise.
He emphasized that in such an environment, an economy needs a clear direction to maintain strategic focus.
He said that in the outline of the '15th Five-Year Plan,' two main themes are particularly worthy of attention for the Hong Kong business community: first, leading the construction of a modern industrial system with new productive forces, and second, reshaping the economic cycle with expanded domestic demand and high-level two-way opening up.
Regarding the first main theme, Paul Chan said that the '15th Five-Year Plan' makes comprehensive deployments for the development of scientific and technological innovation to promote deep integration of scientific and technological innovation with industrial innovation. This deep integration is fostering a brand-new industrial organizational form: 'flexible supply chains.'
He stated that traditional supply chains are plan-driven, large-volume, and long-cycle, meaning mass production first, then selling. Flexible supply chains, however, are demand-driven, small-volume, and quick-response, meaning small-scale production to test the waters first, immediately scaling up if popular, and quickly cutting losses if sales are sluggish.
As for the second main theme, its key lies in two-way and circulation. Facing a complex international economic and trade environment, mainland Chinese enterprises no longer need a single 'export port' but a strategic base that can buffer risks, deploy resources, and quickly adapt.
At the same time, China is vigorously expanding domestic demand and boosting consumption, driving the transition from a manufacturing giant to a consumption giant. This means that more global high-quality goods and services need efficient access to the mainland market. As domestic demand shifts from quantitative expansion to qualitative upgrading, Hong Kong's role as the first stop and transformer for international high-quality resources will only become more crucial. (Edited by Chen Kai-yu) 1150427
Choose to stand with facts, every sponsorship you make is a force for protecting press freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.