
Last month, Financial Secretary John Tsang Chun-wah warned against "blindly" pursuing new sectors.
He defended the city's pillar industries - finance, logistics and trade, tourism and professional services.
I disagree with the comments regarding pursuit of new sectors.
If you look at the history of Hong Kong, it began as a fishing village. It then developed into an industrial city and, after many of the factories moved north, it emerged to become an international financial centre. These changes were achieved because of a willingness to change and pursue new sectors.
Developing a new industry can a be a good thing. It is a bit like natural selection in biology, which provides variations that enhance the survival of the species.
As a finance centre, the emphasis is on economics. But if there was a serious financial downturn, the city would suffer. If there was no willingness to adapt and change, any recovery would be very slow indeed.