Hong Kong Unveils Five-Year Plan

Hong Kong leader John Lee announced the city's inaugural five-year plan to increase public housing and strengthen financial ties with mainland China. The sweeping strategy aims to add jobs and promote home ownership while driving economic diversification.

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A screen shows Hong Kong Chief Executive John Lee delivering his annual policy address and announcing the first five-year plan at the Legislative Council in Hong Kong, China September 16, 2026. REUTERS/Lam Yik

Hong Kong unveiled a five-year plan on Wednesday to add 196,000 public housing units and boost economic growth. The sweeping strategy strengthens technology and trade ties with China. The plan aims to cement Hong Kong's status as a global financial center amid a falling property market.

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