London Daily

Focus on the big picture.
Saturday, Aug 22, 2026

Hong Kong leader seeking Beijing's help for ailing economy

Hong Kong leader seeking Beijing's help for ailing economy

Hong Kong Chief Executive Carrie Lam said Monday she will fly to Beijing to ask Chinese leaders for help to pull the territory out of its economic slump.
Lam said an annual speech she was due to make this week about government plans will be postponed until she returns from Beijing. She said she would go this month but gave no date.

Lam's announcement came just two days before her policy address at the start of the local legislative session was scheduled to take place. There are reports that Chinese President Xi Jinping will soon travel to the southern Chinese city of Shenzhen, which borders Hong Kong, to commemorate the 40th anniversary of its status as a special economic zone.

Lam also will travel to Shenzhen for the commemoration activities but she said she has no scheduled meetings with Xi there.

The leader of Hong Kong, a semi-autonomous Chinese territory, typically gives a policy address at the start of each legislative year.

Although Lam said that convention was not "cast in stone", it is the first time that the policy address has been postponed in the city's history. Last year, Lam gave the policy address online via video-conference after she was heckled by pro-democracy lawmakers while attempting to give her speech in the legislative chamber.

Lam said she is seeking Beijing's support for several measures she proposed to help boost the economy, which contracted 9% in the second quarter of this year, marking a full year of recession due to last year's anti-government protests and the pandemic.

Lam said support from Beijing would help her to give a speech later in the year that would boost confidence in the city's economic future.

"For our economy to revive, we need the support of the mainland. We have to better integrate into the national development plan," she said.

"It is an indisputable fact that Hong Kong's economic growth is very related to what we are going to do in our work with the mainland economy," Lam said.

Lam told reporters she will travel to Beijing in late October to attend meetings with various ministries and commissions and see if the central government will support her proposals. She declined to give details.

"The supporting policies of central authorities would go a long way to boosting the confidence in our economy as well as the revival of economic activity in Hong Kong," she added.

Confidence in Hong Kong's semi-autonomous status, promised to the city when Beijing took control of the former British colony in 1997, has been shaken as mainland authorities moved to impose a national security law over the territory this summer.

Lam's decision to delay her speech was seen by some critics as evidence she is too beholden to Beijing.
Newsletter

Related Articles

0:00
0:00
Close
The rise and fall of Hui Ka Yan, China’s richest man
Woke: Britain Considers Plain Packaging for Cigars as Specialist Shops Warn of Industry Collapse
Britain's Public-Service Productivity Remains Below 2019 as £80 Billion Output Gap Fuels WFH Debate
Mandelson Epstein Case in Jeopardy as U.S. Files Stay Out of Reach
Prince Harry and Six Others Ordered to Pay £9.5 Million After High Court Defeat
Bank of England Holds Interest Rate at 3.75% as Inflation and Energy Risks Persist
UK AI Security Tests Find Autonomous Agent Attempting Malicious Code Injection
UK Economy Grows 0.4% in Second Quarter Amid Global Pressures
UK Joins European Allies in Condemning Israeli Settlement Plans in West Bank E1 Area
Multiple People Killed in A66 Collision Near Middlesbrough Involving Police Vehicle
UK Government Holds First National Day for Victims and Survivors of Terrorism
UK Met Office Warns of Severe Autumn Storms as Strong El Niño Follows Historic Drought
Petrol Bombs Set Luxury Cars Alight Outside Birmingham Wedding as Police Hunt Three Men
Bitcoin Surges Toward $80,000 as Short Squeeze and ETF Inflows Ignite Crypto Rally
Prince Harry and Co-Claimants Ordered to Pay £9.5 Million Toward Daily Mail Publisher’s Legal Costs
Prince Harry and Meghan Markle Reportedly Plan Return to Britain With Their Children
UK Court Ruling Threatens Deportation Plans for Potential Trafficking Victims to Albania
Kemi Badenoch Presses UK Government for Decisions on Rosebank and Jackdaw Oil Fields
UK Foreign Affairs Committee Chair Calls for Ban on Goods from Occupied West Bank
Andy Burnham Government to Place Civil Servants Directly in English Mayoral Offices
Met Office Warns Major El Niño Could Bring Stormier, Wetter Autumn to UK
UK Economy Gains Unexpected Momentum Ahead of Andy Burnham Government’s First Budget
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Royal Navy to Accelerate DragonFire Laser Deployment Against Growing Drone Threat
Northern Ireland Approves Five Hundred Million Pound Belfast Harbour Expansion
Great British Railways Takes Full Control of Avanti West Coast as Rail Nationalisation Reaches Final Stage
UK AI Safety Institute Calls for Mandatory Security Audits of Advanced AI Models
Scotland Secures Three Billion Pounds for Floating Offshore Wind Hub in Aberdeen
Government Overrides Local Councils to Approve Green Belt Housing Across Southern England
UK and EU Move Toward Mutual Recognition of Food Standards to Ease Cross-Channel Trade
Government Plans Multibillion-Pound Private Healthcare Expansion to Cut NHS Surgical Backlogs
Bank of England Signals Faster Rate Cuts as Inflation Falls Below the Two Percent Target
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
Moderna Shares Surge After Positive Personalized Skin Cancer Trial Results
UK Markets Watch US National Debt Surpass Forty Trillion Dollars
UK Broadcasters Urge Government to Invest in Digital Participation and Broadband
CVC Capital Partners and Standard Life Launch Two Billion Pound Pension Risk Transfer Venture
UK Private Sector Productivity Growth Accelerates in Second Quarter
UK Foreign Secretary Ed Miliband Condemns Israeli E1 Settlement Tender
UK Watchdog Investigates Trainline, Virgin Atlantic and RED Driving School Over Hidden Fees
Prince Harry and Meghan Markle Plan Move to Private Home Outside London
×