TechFlow News, March 8: According to Hong Kong’s Sing Pao Daily News, Li Huiqiong, President of the Hong Kong Legislative Council and member of the Standing Committee of the National People’s Congress (NPC), stated that she will fully support and coordinate with Hong Kong’s first five-year plan. Chen Zhenying, a Hong Kong deputy to the National People’s Congress, emphasized the need for cautious development of emerging financial products such as stablecoins and virtual assets. He noted that many financial institutions—including banks, securities firms, and insurance companies—have already adopted artificial intelligence (AI), and called for better regulation and governance of AI use to safeguard Hong Kong’s financial security and prevent any issues.
Additionally, Wu Jiezhuan, a Hong Kong Legislative Council member elected by the Election Committee constituency, stated that the “15th Five-Year Plan” outlines China’s development direction for the next five years—and beyond. In this new phase, Hong Kong should fully leverage its unique advantages to advance the construction of the “Four Centers and One High Ground,” consolidating and enhancing its status as an international financial, shipping, and trading center, while vigorously building itself into an international innovation and technology hub. Hong Kong is currently ranked third globally as an international financial center—but it certainly has the potential to rise further and become the world’s second.
