CHINA China's 14th FYP expected to boost HK's tech, IP trading centers

CHINA

China's 14th FYP expected to boost HK's tech, IP trading centers

CGTN

18:18, August 23, 2021

Photo: The first seminar on China's 14th Five-Year Plan is held in the HKSAR, China, August 23, 2021. /CMG

The Hong Kong Special Administrative Region (HKSAR) will enjoy more development opportunities under China's 14th Five-Year Plan (FYP, 2021-2025), according to speakers at the first seminar on the plan held in Hong Kong on Monday.

The meeting, hosted by the HKSAR government, was attended and addressed by the Chief Executive of the HKSAR Carrie Lam, Director of the Liaison Office of the Central People's Government in the HKSAR Luo Huining and Vice Director of the Hong Kong and Macao Affairs Office of the State Council Huang Liuquan.

Support will be given to Hong Kong to improve its status as an international financial, transportation and trade center, a global offshore Renminbi business hub, an international asset management center, a risk management center and a center for international legal and dispute resolution services in the Asia-Pacific region, it was noted at the meeting.

The development of four "emerging centers" of Hong Kong was also highlighted at the meeting, namely an international center for innovation and technology, a center for international legal and dispute resolution services in the Asia-Pacific region, a regional intellectual property (IP) trading center, and a Sino-foreign culture and art exchange center.

"We should leverage ourselves on our country and face the world. With the unswerving support of the central authorities, we will be able to do more," Lam said at the meeting, expressing confidence that Hong Kong can help implement the FYP.

A series of meetings will be held in the coming days, outlining the support for Hong Kong in different areas under the 14th FYP.

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