{
    "success": true,
    "data": {
        "id": 1839369,
        "msgid": "kadin-examines-hong-kongs-first-five-year-plan-1783086957",
        "date": "2026-07-03 19:40:12",
        "title": "Kadin Examines Hong Kong's First Five-Year Plan",
        "author": "",
        "source": "TEMPO_ID_BISNIS",
        "tags": "",
        "topic": "Trade",
        "summary": "The Indonesian Chamber of Commerce and Industry (Kadin) is scrutinising Hong Kong's inaugural Five-Year Plan, which prioritises strengthening regional cooperation with ASEAN. Kadin views Hong Kong and China as vital investment sources and stresses the need for proactive engagement to maintain market confidence. The plan was discussed at the Greater Bay Area-ASEAN Summit, where Hong Kong's Chief Executive highlighted deepening trade and investment ties with the bloc.",
        "content": "<p>The Indonesian Chamber of Commerce and Industry (Kadin) is examining\nthe direction of Hong Kong\u2019s first Five-Year Plan. Steven Marcelino,\nSecretary General of Kadin Indonesia\u2019s Global Relations Office, stated\nthat one focus of the plan is strengthening Hong Kong\u2019s relationship\nwith ASEAN, including Indonesia. Marcelino said Kadin views Hong Kong\nand China as important partners because they are among the largest\nsources of investment for Indonesia. He noted that economic relations\nwith Hong Kong and China need to be maintained in balance with\nIndonesia\u2019s relations with the United Kingdom, European countries, and\nthe United States, in line with the government\u2019s policy of strategic\nneutrality and non-alignment. \u201cEspecially, there needs to be proactive\noutreach to increase market confidence and investor confidence,\u201d he said\non the sidelines of the Greater Bay Area-ASEAN Summit 2026 in Hong Kong\non Tuesday. Marcelino said Kadin gained an overview of the policy\ndirection while attending APEC China 2026 and the China International\nSupply Chain Expo in Beijing in mid-June. \u201cWe heard first-hand many of\nthe main priorities and need to dissect how China\u2019s newly announced\nFive-Year Plan will be translated,\u201d Steven said. According to Steven,\nHong Kong will translate China\u2019s Five-Year Plan into its own development\nstrategy. \u201cOne of the components we heard from John Lee is ASEAN and\nHong Kong\u2019s engagement with Indonesia,\u201d he said. In his opening speech\nat the Greater Bay Area-ASEAN Summit 2026, Hong Kong Chief Executive\nJohn Lee said his government is drafting Hong Kong\u2019s first Five-Year\nPlan as a medium-term development blueprint. The document is directed,\namong other things, at deepening regional cooperation with ASEAN and\ncountries within the Belt and Road Initiative. Lee said Hong Kong\u2019s\ntrade relations with ASEAN continue to strengthen. ASEAN has been Hong\nKong\u2019s second-largest merchandise trading partner for 16 consecutive\nyears. The value of merchandise trade between the two sides reached\nUS$214 billion in 2024, an increase of 29 percent compared to the\nprevious year. Meanwhile, the value of services trade reached US$20\nbillion, up 10 percent. Lee said investment relations are also\nstrengthening. Since the signing of the ASEAN-Hong Kong, China Free\nTrade Agreement and Investment Agreement nearly a decade ago, Hong\nKong\u2019s investment into ASEAN has increased by 54 percent. He said Hong\nKong is also applying for accession to the Regional Comprehensive\nEconomic Partnership (RCEP) and is seeking support from ASEAN countries\nfor the process. Lee said more than 830 ASEAN companies were operating\nin Hong Kong in 2024, an increase of 13 percent compared to the previous\nyear. According to him, these companies are leveraging Hong Kong\u2019s\nposition to access the Chinese market, including the Greater Bay\nArea.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/kadin-examines-hong-kongs-first-five-year-plan-1783086957",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}