I&T a new engine for HK economy
THE HKSAR Government is committed to the development of innovation and technology and has pledged more than US$3.6 billion to various programmes since 2015, the Financial Secretary, Paul Chan, told delegates to this year’s Hong Kong Startmeup Festival.
“To sustain our competitiveness in the 21st century, we need a new engine for our economy in the form of innovation and technology (I&T),” Chan said.
Hong Kong is focussing on four areas – AI and big data analytics, biomedicine, smart city and fin-tech. “We are also working relentlessly with industry stakeholders to enhance Hong Kong’s ecosystem for start-ups,” he said.