PANews reported on June 14 that Hong Kong Financial Secretary Paul Chan Mo-po announced in his blog that the Hong Kong SAR government will launch public consultation on Hong Kong's first Five-Year Plan next week, June 15, for a period of two months. This plan aims not only to enhance economic development momentum and promote better application of technology, but also to achieve a more inclusive and equitable society, providing citizens with more quality employment opportunities and a better life. "AI+" and "Finance+" are two strategic directions worthy of in-depth discussion. AI is no longer just about the innovation and technology industry itself; it plays a crucial role in enhancing the competitiveness of various industries. For finance, it can strengthen data analysis, risk management, and customer service. "Finance+" means making good use of Hong Kong's full-chain financing functions, including building a more robust and sustainable capital system to inject development momentum into cutting-edge technology companies.
Paul Chan also pointed out that liquidity in the Hong Kong stock market continues to increase, with the average daily turnover exceeding HK$270 billion in the first five months of this year, a year-on-year increase of 14%. New economy companies now account for approximately 25% of the total market capitalization of Hong Kong stocks.
