Hong Kong Leader Unveils Five-Year Plan

Hong Kong Chief Executive John Lee set out plans to almost double the city’s spending on innovation in coming years and offered greater financial support for new parents, as his...

By Bloomberg Markets · Bloomberg Markets

Hong Kong Chief Executive John Lee set out plans to almost double the city’s spending on innovation in coming years and offered greater financial support for new parents, as his government seeks to build new growth engines and arrest a decline in births. The target was announced Wednesday as Lee unveiled Hong Kong’s first five-year development plan. (Source: Bloomberg)