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Hong Kong Chief Executive John Lee delivered his fourth policy address, pledging to strengthen the city’s economy, improve public welfare, and solidify its role as a global financial hub. Lee reaffirmed Hong Kong’s 2025 economic growth forecast of 2%–3% and outlined initiatives to attract investment, enhance industries, and improve living standards.
A key highlight is the development of an international gold trading market, alongside expanded efforts in fintech, green finance, and sustainable investment. The Hong Kong Monetary Authority will encourage mainland Chinese banks to set up regional headquarters in the city and expand operations into Southeast Asia and the Middle East.
Lee also unveiled plans to diversify industries by expanding the aviation sector with recycling and trading of high-value parts and building a sustainable aviation fuel supply chain. In healthcare, Hong Kong aims to attract pharmaceutical firms to conduct clinical trials for rare disease treatments, cancer drugs, and advanced therapies.
Housing and social well-being remain central priorities. Lee emphasized improving housing access, raising incomes, and providing better care for the elderly, while ensuring stronger career prospects for youth.
The policy address further accelerates the Northern Metropolis project near Shenzhen, designed to house 2.5 million people and serve as a new innovation and business hub within the Greater Bay Area. This development will deepen integration with mainland China and enhance Hong Kong’s strategic position in regional growth.
Education is also a focus, with the government increasing the quota of non-funded places for international students from 40% to 50% to strengthen Hong Kong’s reputation as a global education hub.
Lee’s policy blueprint reflects a push to revitalize Hong Kong’s economy amid China’s slowdown and global trade tensions, positioning the city for long-term growth and competitiveness.
