Hong Kong's New Economic Directives: Emphasis on AI and Infrastructure

Hong Kong's Chief Executive, John Lee, unveiled his fourth Policy Address, emphasizing economic growth through reform and international collaboration. The theme, "Deepening Reforms for Our People Leveraging Our Strengths for a Brighter Future," aligns with Hong Kong's competencies under the "One Country, Two Systems" framework. Highlighting the development of the Northern Metropolis, Lee positions it as a vital economic catalyst.

Artificial Intelligence (AI) is marked as a strategic focus, supported by a HK$3 billion initiative to attract top AI researchers. Additionally, preferential policies aim to draw high-value industries and strengthen sectors like aerospace and life sciences. Financial initiatives include backing the gold trading market and enhancing cross-boundary wealth management. Proposals for establishing a Northern Metropolis University Town reflect ambitions to bolster Hong Kong’s position as an educational hub.