Hong Kong set to transform innovation and technology strategies with deserted areas near border with mainland China earmarked for IT development
- Policy blueprint will result in restructuring of Innovation and Technology Bureau to reflect importance of the city’s re-industrialisation
- Development will see some rural areas in San Tin and Lau Fau Shan, known for oyster farming, transformed into hi-tech clusters
Chief Executive Carrie Lam Cheng Yuet-ngor on Wednesday unveiled a blueprint that will result in the restructuring of the Innovation and Technology Bureau to reflect the importance of the city’s re-industrialisation. It will become the Innovation, Technology and Industry Bureau.
As the focal point of the IT development, some rural areas in San Tin and Lau Fau Shan, known for oyster farming, will be transformed into hi-tech clusters.
“We will turn the San Tin ‘technopole’ into the Hong Kong version of Silicon Valley,” Lam said, adding that the IT initiatives were aligned with Beijing’s 14th five-year plan for between 2021 and 2025.
After pouring HK$130 billion into the IT sector in the last four years, Lam, delivering the fifth and final policy address of her current term, signalled more land and financial resources would be earmarked for pushing the city’s growth engine.