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Hong Kong politics
Opinion
Alice Wu

Opinion | Throwing more money and land at projects isn’t the way to develop Hong Kong’s innovation and technology

  • Hong Kong’s need to diversify its economy has long been known, but efforts to develop innovation and technology have had mixed success
  • The tired old formula fails to take into account how the digital economy has reformed traditional business models. It’s time for officials to embrace change

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Chief Executive John Lee speaks at the Global Innovation and Technology Summit, at the Science Park in Sha Tin, on August 11, 2022. Photo: Xiaomei Chen
Director of the Hong Kong and Macau Affairs Office Xia Baolong’s unprecedented six-day visit to the city might have been at short notice, but it has been well planned.
Before touching down last Thursday, Xia made it clear that “investigations and studies” on both Hong Kong and Macau “should be greatly enhanced”. The purpose of the visit is clear: “examine problems in an in-depth research manner. Focus on rectification and implementation. Strengthen organisational leadership and consolidate leadership.”

This fact-finding and problem-solving trip is probably the first of more to come. Conducting this surprise inspection personally, it is evident that Xia is here to get to the bottom of some of the city’s most pressing long-standing problems.

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As Xia arrived in our city, Chief Executive John Lee Ka-chiu reiterated a message that has been pounded in our minds for the past few months. Hong Kong is entering the next phase of economic development, pursuing high-quality growth by developing innovation and technology.
Last month, former chief executive Leung Chun-ying – a vice-chairman of the country’s top political advisory body – urged the innovation and technology sector to play their part in “aligning Hong Kong with the national digital economy strategy to explore a new development direction for the financial hub”.
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It makes perfect sense that innovation and technology is on Xia’s list. Even more important is that we need to fit into the national plan.
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