Unveiling the Blueprint for Change: John Lee Presents the 2025 Hong Kong Reform Agenda
On September 17, 2025, Hong Kong's Chief Executive, John Lee, delivered his fourth Policy Address, titled "Deepening Reforms for Our People Leveraging Our Strengths for a Brighter Future."
One of the key focus areas of the Policy Address is the development of the Northern Metropolis, an area that borders the Mainland and accounts for about one-third of Hong Kong's total area and population. A new Committee on Development of the Northern Metropolis will be set up, chaired by the Chief Executive, to drive this development forward.
The Government aims to attract more investment from the Mainland and overseas by formulating preferential policy packages. These packages will include incentives such as land grants, land premiums, financial subsidies, and tax incentives.
The development of the Northern Metropolis will continue to be a focus, with streamlined administrative workflows, removal of unnecessary barriers, and dedicated legislation. This will accelerate the development of the region and create a conducive environment for businesses and residents.
In line with this, the Government is also fostering the development of the life and health technology industry. To support this, the Hong Kong Centre for Medical Products Regulation will be set up. This centre will play a crucial role in the development and regulation of medical products, bolstering the industry's growth.
Artificial intelligence (AI) is identified as a key driving force for industry development in Hong Kong. To capitalise on this, the Government has launched the HK$3 billion Frontier Technology Research Support Scheme. This scheme aims to attract international top-notch scientific researchers in AI and other fields to Hong Kong, further boosting the city's technological capabilities.
The initiatives of the Policy Address are aligned with Hong Kong's competitive advantages under the "One Country, Two Systems" principle. By leveraging these advantages, the Government aims to propel Hong Kong towards a brighter future.
The exact date of the establishment of the new committee for the development of the Northern Metropolis in Hong Kong is not provided in the available search results. However, with the Policy Address in place, the future of Hong Kong's development looks promising.
It is important to note that the issuer is solely responsible for the content of the announcement.
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