https://www.scmp.com/rss/523115/feed The latest news and top stories on the Innovation and Technology Commission (ITC), a governmental body in Hong Kong. Headquartered in Wan Chai, it is dedicated to formulating and implementing policies that promote innovation and technology development. Its primary mission is to spearhead Hong Kong’s drive to become a world-class, knowledge-based economy. The ITC focuses on supporting applied research and development, fostering an innovation and technology culture, facilitating infrastructure and... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Matthew Cheng Matthew Cheng Hong Kong Financial Secretary Paul Chan Mo-po will deliver his annual budget on Wednesday, unveiling measures to accelerate the city’s economic recovery after balancing the books, amid mounting expectations for more “sweeteners” in the blueprint. The 2026-27 budget also marks the government’s first major test in aligning the city with mainland China’s 15th five-year plan and unveiling long-term growth initiatives. The South China Morning Post examines how political and economic factors will... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344469/ips-superyachts-and-more-can-budget-spark-hong-kongs-purple-patch?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344469/ips-superyachts-and-more-can-budget-spark-hong-kongs-purple-patch?utm_source=rss_feed Tue, 24 Feb 2026 23:30:08 +0000 Olga Wong Olga Wong Hong Kong’s finance chief will unveil new measures in his budget to strengthen the city’s growing intellectual property (IP) economy, focusing on nurturing top-tier talent and helping local tech firms evaluate their patents, the South China Morning Post has learned. The initiatives, expected to be announced on Wednesday, come as Financial Secretary Paul Chan Mo-po faces mounting expectations to make strategic use of the city’s earlier-than-expected operating surplus while investing in long-term... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344370/hong-kong-boost-ip-economy-new-academy-patent-evaluation-support?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3344370/hong-kong-boost-ip-economy-new-academy-patent-evaluation-support?utm_source=rss_feed Tue, 24 Feb 2026 00:30:08 +0000 Oscar Liu Oscar Liu Hong Kong’s state key laboratories must ramp up research and innovation to help develop the city into a tech hub through its international connections while aligning with the national strategy to boost China’s power on the global stage, top local and Beijing officials have said. China’s tech minister attended a ceremony in Hong Kong on Monday to present plaques to the directors of the facilities, as he urged the city to support national development through innovation. “I hope the state key... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3323043/hong-kong-should-strengthen-research-drive-industrial-upgrading-zhou-ji?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3323043/hong-kong-should-strengthen-research-drive-industrial-upgrading-zhou-ji?utm_source=rss_feed Mon, 25 Aug 2025 07:28:29 +0000 Harvey Kong Harvey Kong Hong Kong authorities have referred 15 suspicious cases under a government subsidy scheme to law enforcement over the past three years, while also conducting random checks on 1,860 projects funded by the programme. Secretary for Innovation, Technology and Industry Sun Dong, in a written reply on Wednesday to a lawmaker’s questions about the suspected abuse of the Technology Voucher Programme, said authorities would recover funding from applicants who were convicted in such cases. The Innovation... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315796/15-suspicious-cases-uncovered-hong-kong-tech-voucher-programme?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3315796/15-suspicious-cases-uncovered-hong-kong-tech-voucher-programme?utm_source=rss_feed Wed, 25 Jun 2025 09:41:50 +0000