Hong Kong lags behind on technology, innovation and sharing economy, survey shows

Hong Kong is lagging behind other Asian cities in developing innovation and technology, and the government has a less open-minded approach towards a sharing economy, a survey of local residents has shown.

The Sharing Economy Alliance, which commissioned the survey, urged the government to set up a task force to push for public debates and get consensus to produce draft policy on the matter. A sharing economy refers to the renting of houses, cars or other services between individuals via the internet.

Compared to four other Asian cities, including Taipei, Shenzhen, Seoul and Singapore, Hong Kong scored the lowest in developing innovation and technology in the study, which was conducted by the University of Hong Kong’s Public Opinion Programme between August 24 and 31. Some 636 Hong Kong residents took part in the survey.

Why won’t Hong Kong embrace sharing economy?

While Seoul and Singapore were given the highest scores at 3.8 out of five, Hong Kong scored an average of only 1.9.

While 62 per cent of Hong Kong respondents agreed a sharing economy could help the city to be more competitive, more than 70 per cent of respondents considered the city’s government to be less open towards the idea of this newly emerging economic system, when compared with neighbouring cities.

“The government might think they have paid a lot of efforts in pushing [innovation and technology], but now there is a big difference in public perception,” said Simon Lee Chao-fu, convenor of the alliance, a newly established group formed by more than 10 people involved in sharing businesses such as car, flat and pet-related services.

Hong Kong slips to new low in innovation rankings

“The government should look into why the public would have such thoughts,” Lee said.