Hong Kong needs ‘forward-looking’ plans amid changes in industrial chains: John Lee

Lee tells trade forum in Shanghai that Hong Kong will strengthen role as offshore renminbi hub and help mainland Chinese firms expand globally

Lam Ka-singin Shanghai

Hong Kong should proactively plan and implement forward-looking strategies amid rapid changes in global industrial chains and the rapid development of technology and artificial intelligence, the city’s leader has said at an economic forum.

Speaking at the Hongqiao International Economic Forum in Shanghai, Chief Executive John Lee Ka-chiu said on Thursday that the government’s GoGlobal task force had helped more than 360 mainland Chinese firms establish or expand their businesses in Hong Kong since it was established last year, with about a third of them setting up regional or international headquarters.

“Faced with the severe, rapidly changing restructuring of the global industrial chain, and the high-speed development of technology and artificial intelligence, Hong Kong must proactively plan and implement forward-looking strategic layouts,” Lee said at the forum, which is taking place alongside the ninth China International Import Expo in Shanghai.

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