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Policy Opportunities

National strategies including the 14th Five-Year Plan, the Guangdong-Hong
Kong-Macao Greater Bay Area (GBA) development and the Belt and Road
Initiative have injected continuous impetus to the growth of Hong Kong.
th
The 14 Five-Year Plan has supported the development of the “eight
centres” in Hong Kong, including international financial centre, international
innovation and technology Centre, East-meets-West centre for international

cultural exchange, international trade centre, international shipping centre,
international aviation hub, centre for international legal and dispute
resolution services in the Asia-Pacific Region as well as regional intellectual
property trading centre. The GBA development clearly states the need to
enhance the interconnectivity and integrated development among GBA cities
and to develop a world-class city cluster. Meanwhile, the Belt and Road
Initiative brings tremendous opportunities to our service industry, creating
wider networks by fostering people-to-people bonds. Dovetailing with the
above national strategies, the Northern Metropolis and the KYCAI will serve

as dual engines driving Hong Kong’s future development and high-quality
collaborations with the GBA.

International International East-meets-West International Trade
Financial Innovation and Centre for Centre
Centre Technology Centre International
Cultural Exchange

International International Centre for International Regional
Shipping Aviation Hub Legal and Dispute Intellectual
Centre Resolution Services in Property Trading
the Asia‑Pacific Region Centre

Development Positioning of Hong Kong's "Eight Centres"

11 PLANNING DEPARTMENT | ANNUAL REPORT 2022/2023