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Opinion
How Hong Kong can fulfil its crucial role in China’s modernisation
- Reform continues to be a central theme in the Communist Party’s vision for China, which offers scope for Hong Kong to play to its strengths
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Daryl Ng is chairman of Sino Group and the founding chairman of the Hong Kong-Asean Foundation, a not-for-profit organisation promoting and deepening ties between Hong Kong and Asean to build a community of shared future to reinforce Hong Kong’s international position and support future growth.
The third plenum of the Communist Party of China’s 20th Central Committee, which concluded on July 18, provided a clear long-term development plan for the country over the next five years and beyond. Comprehensive in scope, large in scale, broad and deep in reach and consequential in all respects, the plenum’s visionary grand design has promising implications for Hong Kong.
Reform is central to the plenum and road map, as it has been since setting the country on an impressive growth trajectory more than four decades ago. The word “reform” is mentioned more than 140 times in the resolution adopted by the Central Committee, alongside new strategies to achieve “high-quality development”.
The blueprint reaffirms the nation’s commitment to comprehensive reform and opening up. It provides a road map through economic and financial directives as well as outlining policies related to important social issues including people’s well-being, healthcare, ecological conservation, social governance, national security and party leadership. More than 300 reform measures have been stipulated for implementation in the next five years.
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