Innovation, technology will give Hong Kong economy a boost and help develop high-end industry, senior officials say
Financial Secretary Paul Chan and tech chief Nicholas Yang say Hong Kong can profit from Greater Bay Area scheme as research institutes set up in city
Innovation and technology (I&T) will become profitable in Hong Kong and drive the city’s bid to develop high-end manufacturing, according to two senior officials.
Hong Kong’s innovation and technology sector is set to get a significant boost from a slew of initiatives announced in Beijing on Wednesday, including the setting-up of two new state-backed laboratories in the city’s Science Park and a cross-border cooperation arrangement to be signed later.
Yang said the two new state-backed laboratories, together with foreign research institutions – such as the Massachusetts Institute of Technology – which would set foot in Hong Kong, showed researchers from mainland China and abroad “are full of confidence in Hong Kong’s I&T ecosystem”.