Hong Kong’s 2026-2030 blueprint: Chief Executive John Lee unveiled the city’s first five-year plan and 2026 Policy Address, setting 105 indicators across economic development, housing, global competitiveness and livelihoods, with a stated aim to align with the national plan while keeping Hong Kong’s capitalist system. Innovation push: The government plans to lift R&D spending to 3% of GDP after 2030 (from about 1.63% in 2024) and launch an Innovation and Technology Industry-Oriented Fund this year, targeting AI, robotics and life sciences, with a HK$10 billion government injection and a projected HK$40 billion total. Housing and welfare: The plan targets nearly 200,000 public housing units over five years, aims to phase out substandard subdivided units, and includes measures on childbirth support, grassroots assistance and healthcare. Northern Metropolis build-out: The documents also frame the Northern Metropolis as the execution engine for jobs, housing and industry, testing a more integrated urban-development model near Shenzhen. Tech and finance ecosystem: Separate coverage highlights Hong Kong’s push to deepen tech and economic ties with the mainland, plus new funding efforts for startups and innovation-led transformation. Global backdrop: The week’s major external driver remains the US Fed’s rate hike and market volatility, feeding into risk appetite for HK-linked finance and investment.