Cliff Sun Kai-lit, chairman, Federation of Hong Kong Industries: 'Research-and-development expenditure as a percentage of GDP lags far behind that of our competitors such as Singapore, South Korea and Taiwan. Hong Kong needs to catch up so as to maintain its competitive edge in this highly globalised economy.' Andrew Brandler, chairman, General Chamber of Commerce: 'The government should hone Hong Kong's competitiveness and seize opportunities arising from the mainland's development as well as closer collaboration with Taiwan and Macau.' Loretta Shuen, China division president, CPA Australia Hong Kong: 'We were surprised that [the chief executive] divulged no detailed, concrete plans for the development of our financial and professional-services sectors. We would like to see a focus on supporting the SME sector and clarity about how the government will reduce unemployment.' Jack So Chak-kwong, Trade Development Council chairman: 'Closer co-operation between Hong Kong and Guangdong and the improving cross-strait relationship will change the face of the regional economy.'