Hong Kong’s 5-year plan will shore up market with governance and vision

Hong Kong’s decision to introduce its first five-year plan has prompted familiar questions. Does this signal greater government intervention at the expense of the free market? Will it make Hong Kong’s development model more similar to that of the mainland? Could it overlap with the annual policy address and budget? And without detailed key performance indicators, might it become little more than a symbolic document? These concerns deserve a serious response. For Hong Kong, the purpose of a...

By Cheng Xianyue