Hong Kong’s first five-year plan is expected to guide the city’s future development. Never before has the city attempted a comprehensive plan in the style of mainland China, signalling a major shift in how it approaches long‑term growth.
The real question is not why a laissez‑faire economy must adopt a new model but how this transformation will unfold. This exercise is unprecedented on multiple fronts.
First, it departs from Hong Kong’s long-standing reliance on market forces and incremental…