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Hong Kong unveils first Five-Year plan to align more closely to mainland China, says will adhere to one country, two systems principle and strengthen role of global offshore renminbi business hub

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Hong Kong unveiled its first Five-Year plan to align with mainland China, targeting reasonable GDP growth, offshore renminbi expansion, Northern Metropolis acceleration, and attracting mainland financial firms.

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Says: Will hold an executive-led system, adopt a holistic approach to development and security. Will attract China financial firms to the city for business and develop a commodity trading ecosystem. To speed up northern metropolis development. Targets GDP growth within a reasonable range in the five-year plan. To develop high value added supply chain services centre.

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