{"slug": "northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers", "title": "Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers", "summary": "Hong Kong's inaugural five-year plan should prioritize the Northern Metropolis mega development, strengthen the city's position as an international financial centre, and advance its artificial intelligence strategy, according to submissions from the American Chamber of Commerce in Hong Kong (AmCham) and the Federation of Hong Kong Industries (FHKI). The groups were among more than 16,000 submissions received before the public consultation closed on Friday, with the blueprint expected in September.", "body_md": "# Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambers\n\nAmCham and FHKI also highlight the need to reinforce Hong Kong’s position as an international financial centre\n\nHong Kong’s inaugural five-year plan should prioritise the Northern Metropolis mega development, strengthen the city’s position as an international financial centre and advance its artificial intelligence (AI) strategy, major business chambers have said.\n\nIn submissions for the city’s first five-year plan, groups including the American Chamber of Commerce in Hong Kong (AmCham) and the Federation of Hong Kong Industries (FHKI) identified the Northern Metropolis as a key economic driver.\n\nTheir recommendations are among more than 16,000 submissions received by authorities before the public consultation closed on Friday. The blueprint, expected to be published in September, will set the direction for Hong Kong’s development in alignment with China’s 15th five-year plan covering the years between 2026 and 2030.\n\nFirst announced in 2021, the metropolis aims to transform about 30,000 hectares (74,132 acres) of land along the mainland Chinese border into an engine for growth, a housing hub and a university town.\n\n“Over the next five years, the development of the Northern Metropolis should be guided by industrial development, enterprise presence and employment outcomes,” FHKI said.\n\nAmCham called for a single statutory entity to streamline coordination and facilitate public-private partnerships. It also urged deeper Greater Bay Area wealth integration by expanding Wealth Management Connect quotas and widening eligible product scopes.", "url": "https://wpnews.pro/news/northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers", "canonical_source": "https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3364149/northern-metropolis-and-ai-vital-hong-kongs-5-year-plan-business-chambers?utm_source=rss_feed", "published_at": "2026-08-15 10:57:12+00:00", "updated_at": "2026-08-15 11:11:31.108685+00:00", "lang": "en", "topics": ["ai-policy"], "entities": ["American Chamber of Commerce in Hong Kong", "Federation of Hong Kong Industries", "Northern Metropolis", "Hong Kong"], "alternates": {"html": "https://wpnews.pro/news/northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers", "markdown": "https://wpnews.pro/news/northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers.md", "text": "https://wpnews.pro/news/northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers.txt", "jsonld": "https://wpnews.pro/news/northern-metropolis-and-ai-vital-to-hong-kongs-5-year-plan-business-chambers.jsonld"}}