Hong Kong broadens city's identity beyond finance in first 5-year plan

Hong Kong's leader has unveiled a five-year plan to broaden the city's identity beyond finance. The plan announced on Wednesday was the first by Hong Kong in a politically symbolic step echoing Beijing’s approach to development. The Hong Kong plan aims to enhance economic development, competitiveness and social well-being. Officials emphasize it will serve as a strategic framework and not amount to a planned economy.

A main goal is to speed up development of the Northern Metropolis, a key government development project. The effort will provide land for the innovation and technology industry and build university towns near the Chinese tech hub of Shenzhen.

Read the original report at Apnews.