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According to a recent press release, The Hong Kong University of Science and Technology (HKUST) has announced that it will be joining forces with Haven of Hope Christian Service (HOHCS) to gain further understanding and to develop solutions that could improve the quality of life for the elderly and their caregivers.
The two parties signed a Memorandum of Understanding (MoU) recently in an effort to forge a partnership.
Combining HKUST’s research competence and HOHCS’ expertise and experience in healthcare and elderly services, the collaboration seeks to address the challenges brought by Hong Kong’s ageing population and promote the city’s innovation and technological development, through the application of gerontechnology. The collaboration also serves to address some major challenges of the local gerontechnology sector, such as lack of collaboration among academia, government and non-government organizations, as well as a lack of test beds for gerontechnology products.
Under the partnership, HKUST will aim to develop tailor-made solutions or products to meet the needs of HOHCS’ service users, while HOHCS will offer a testing platform.
Seven projects are now under discussion: a study on the genetic risk factors for Alzheimer’s disease in the Chinese population for future development of diagnostics and therapeutics; a real-time 3D facial landmark recognition technology for early detection of mental and physical diseases; a virtual therapist that not only keeps the elderly company but also enables examination and monitoring of their emotional and stress levels; a study to quantify the therapeutic effects of garden spaces on the elderly; tap water disinfection by micro-PEF (pulsed-electric field) for prevention of water and droplet-borne diseases; a system that helps optimize HOHCS’ operations such as meal delivery services; and auto-guided wheelchairs and vehicles for logistic transportation.
The MoU was signed by the Vice-President for Research and Development of HKUST, and the Chief Executive Officer of HOHCS, with witnesses.
The witness included the HKUST President, the Honorary Court Member of HKUST and Honorary Chairman of Board of Directors of HOHCS; the Director of Health, Safety and Environment of HKUST and Chairman of Board of Directors of HOHCS and the Chairman of Sai Kung District Council who helped facilitate this collaboration.
Other HKUST faculty members, HOHCS management staff and community representatives also attended the signing ceremony held on the HKUST campus recently.
Addressing the audience, the Chief Executive Officer of HOHCS noted that he was delighted to see the confirmation of a formal establishment of the partnership. He noted that HOHCS and HKUST share the common goal of improving elderly’s living quality by applying gerontechnology in health, social services and the community.
It was also noted that it is hoped that gerontechnology testing platforms will be set up to serve as a role model to facilitate further cooperation amongst different stakeholders as a result of this collaboration.
The Vice-President for Research and Development of HKUST stated that the university is excited to collaborate with one of Hong Kong’s most experienced and pioneering elderly care organizations.
She noted that by combining the university’s scientific knowledge and expertise with HOHCS’ extensive caregiving experience, it is hoped that a major impact will be created on the health and well-being of the elderly and the wider community in Hong Kong.
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In a significant stride towards bolstering research efforts in offshore wind power technology, The Hong Kong Polytechnic University (PolyU) and the Yangjiang Offshore Wind Energy Laboratory have inked a collaborative agreement to establish the PolyU-Yangjiang Laboratory Joint Research Centre for Offshore Wind Power (JRC).
The joint initiative, officially announced through a signing ceremony held at PolyU’s campus, marks a pivotal moment in the burgeoning partnership between the two entities. With the JRC set to be jointly operated and managed by the PolyU Research Institute for Land and Space (RILS) and the Laboratory, the collaboration signifies a concerted effort to deepen research collaboration and foster innovation in offshore wind power technology.
Under the ambit of this new partnership, researchers from PolyU and Yangjiang will synergise their expertise, resources, and laboratory facilities to undertake pioneering research projects. These projects will focus on developing novel technologies and materials tailored for offshore wind power applications, with a paramount aim to translate research outcomes into tangible solutions for industry implementation.
The signing ceremony, attended by a delegation from Yangjiang in Guangdong province alongside PolyU representatives, saw the presence of Prof. Christopher Chao, PolyU Vice President (Research and Innovation) and Mr. Liu Dewei, Vice Mayor of Yangjiang Municipal People’s Government. Their attendance underscored the significance of this collaborative endeavour in driving forward advancements in renewable energy technology.
In his welcoming address, Prof. Christopher Chao highlighted the pivotal role of wind power in the global transition towards carbon neutrality. He emphasised that the collaboration between PolyU and the Yangjiang Offshore Wind Energy Laboratory not only serves to advance offshore wind power expertise but also fosters a robust platform for mutual engagement in research, talent development, and knowledge exchange.
Prof. Chao expressed optimism that the JRC would harness the collective research capabilities of both organisations to tackle pressing scientific challenges and overcome technical barriers in the energy sector, ultimately contributing to the establishment of a world-class research and innovation hub for wind power and clean energy.
The partnership between PolyU and the Laboratory holds particular significance for Hong Kong’s energy landscape. With the Electrical and Mechanical Services Department of the HKSAR Government estimating that wind power could potentially satisfy a significant portion of the city’s electricity demand, the collaboration is poised to address critical engineering challenges in the construction of offshore wind farms. By facilitating interdisciplinary research and engineering solutions, the collaboration aims to benefit not only Hong Kong but also the wider region and beyond.
The Yangjiang Offshore Wind Energy Laboratory, comprising leading experts from esteemed mainland universities, is dedicated to advancing fundamental science and technology in the offshore wind power sector. Leveraging the collective expertise of institutions such as Zhejiang University, Sun Yat-sen University, and Shanghai Jiao Tong University, among others, the Laboratory is at the forefront of research in this domain.
Established in 2021, PolyU’s Research Institute for Land and Space (RILS) has been actively engaged in interdisciplinary research undertakings, with offshore wind power emerging as a focal area of interest. A delegation from RILS visited wind energy-related facilities in Yangjiang in November 2023, laying the groundwork for potential collaboration opportunities with the Yangjiang Offshore Wind Energy Laboratory.
As the PolyU-Yangjiang Laboratory Joint Research Centre for Offshore Wind Power takes shape, it symbolizes a collaborative initiative aimed at driving innovation and addressing the energy challenges of tomorrow. Through concerted research efforts and knowledge exchange, the partnership between PolyU and the Laboratory is poised to play a pivotal role in advancing offshore wind power technology, thereby contributing to a sustainable energy future.
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In a landmark collaboration aimed at advancing healthcare through digital innovation, technology, and artificial intelligence (AI), the City University of Hong Kong (CityUHK) and the Shenzhen Hospital of Southern Medical University (SMU) have forged a strategic cooperation framework agreement. Signed on March 20th, 2024, this agreement signifies a pivotal step towards fostering joint scientific research, technology transformation, and talent cultivation, with a particular emphasis on cutting-edge fields such as digital medicine, computer science, and biomedical engineering.
The signing ceremony, held at CityUHK and attended by esteemed dignitaries including Professor Liu Shuwen, Vice-President of SMU, and Professor Freddy Boey, President of CityUHK, underscored the commitment of both institutions to collaborative innovation in healthcare. President Boey expressed enthusiasm about the partnership, highlighting the potential for joint development and cooperation in life sciences and technological advancements.
He emphasised the establishment of the Institute of Digital Medicine at CityUHK as a key initiative that will leverage clinical resources from Shenzhen Hospital of SMU to drive research and projects, particularly in areas such as cell therapy and gene therapy.
Professor Liu echoed President Boey’s sentiments, noting CityUHK’s distinguished reputation and expertise across various research domains. He underscored the significance of the collaboration in deepening cooperation between the affiliated hospital of SMU and a leading university in Hong Kong. By pooling resources and expertise, the partnership aims to advance medical services in Hong Kong, Macao, Shenzhen, and beyond. Through joint efforts, both institutions aspire to provide international standard medical services, enhancing healthcare outcomes and fostering academic excellence in the region.
The strategic cooperation framework extends beyond research collaboration to encompass platform and resource sharing, joint academic programs, and the promotion of scientific research initiatives. These efforts are geared towards enhancing healthcare delivery, facilitating knowledge exchange, and driving innovation in medical practice. By leveraging digital health technologies and AI-driven solutions, the collaboration seeks to revolutionise healthcare delivery, improve patient outcomes, and address the evolving challenges of modern medicine.
Furthermore, the agreement aims to promote internationalisation and cooperation between Shenzhen and Hong Kong, aligning with broader efforts to strengthen ties and foster innovation in the Greater Bay Area. Through joint initiatives, such as the establishment of science and technological innovation platforms at the provincial and municipal levels, the collaboration aims to create synergies and opportunities for cross-border collaboration. By harnessing the collective strengths of both institutions, the partnership aims to position Shenzhen and Hong Kong as hubs for scientific research, technological innovation, and healthcare excellence.
In addition to fostering academic collaboration, the partnership emphasises practical outcomes and real-world impact. Through technology transfer and collaborative research projects, both CityUHK and Shenzhen Hospital of SMU seek to translate scientific discoveries into tangible solutions that benefit patients and communities. The agreement also facilitates academic exchanges, enabling researchers and healthcare professionals to share knowledge, expertise, and best practices.
Overall, the strategic cooperation framework agreement between CityUHK and Shenzhen Hospital of SMU represents a significant milestone in advancing healthcare innovation in the Greater Bay Area and beyond. By harnessing digital health, technology, and AI-driven solutions, the collaboration aims to address the complex challenges facing modern healthcare and pave the way for a more sustainable, resilient, and patient-centric healthcare system.
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Invest Hong Kong (InvestHK) and the Administrative Committee of Wuhan East Lake High-Tech Development Zone (WEHDZ) recently joined forces to host a pivotal investment drive in Wuhan, Hubei Province, aimed at galvanising local high-tech enterprises to harness Hong Kong’s distinctive business advantages amidst the evolving landscape of the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) development, paving the way for expansive growth opportunities overseas.
Titled “Opportunities for Wuhan and Hong Kong: Collaborative Development of Innovation and Technology,” the seminar served as a platform of collaboration, uniting key stakeholders including InvestHK, WEHDZ, the Hong Kong Economic and Trade Office in Wuhan (WHETO), the Office for Attracting Strategic Enterprises (OASES), and the Hong Kong Trade Development Council (HKTDC), with strong support from relevant local government offices.
Dr Jimmy Chiang, Associate Director-General of Investment Promotion at InvestHK, set the stage with an emphasis on Hong Kong’s pivotal role as an international innovation and technology (I&T) hub. He highlighted the city’s commitment to reinforcing its traditional status as a global financial, transportation, and trade centre, alongside its burgeoning position as a focal point for international legal and dispute resolution services in the Asia-Pacific region.
The significance of Hong Kong’s proactive steps to evolve into a leading international I&T hub was outlined in the recently released Policy Address by the Chief Executive. The policies outlined in the address underscored Hong Kong’s commitment to supporting the growth of I&T enterprises, aligning seamlessly with the broader national strategy.
Dr Chiang also highlighted Hong Kong’s longstanding collaboration with Wuhan, noting Hong Kong’s status as the largest source of foreign direct investment in Wuhan and one of its principal business and trade partners. He expressed optimism that enterprises in Wuhan could leverage Hong Kong’s professional services and I&T advantages to expand their footprint overseas, further solidifying Hong Kong’s role as a bridge between mainland China and the world.
Echoing Dr Chiang’s sentiments, Mr Li Shiting, representing the Administrative Committee of WEHDZ, emphasised the pivotal role of innovation in driving high-quality development, stressing the importance of openness and cooperation in fostering innovative growth. He underscored Hong Kong’s unique position as an international financial, trade, shipping, and I&T hub, boasting abundant resources across various domains and offering a plethora of cooperative opportunities with WEHDZ in the realm of I&T and industrial development.
Mr Franco Kwok, Director of WHETO, elaborated on the recent budgetary measures in Hong Kong designed to bolster I&T development, paving the way for the city’s transformation into an international I&T powerhouse. He emphasised the alignment between Wuhan’s aspirations as a national science and technology innovation centre and Hong Kong’s trajectory as an emerging international I&T hub, highlighting the inherent synergies between the two regions and their vast potential for cooperative development.
The seminar also witnessed presentations from representatives of various organisations, including the Hong Kong Science and Technology Parks Corporation and industry players from Wuhan and Hong Kong, exploring cooperative opportunities and sharing insights on navigating the dynamic landscape of I&T development.
The discussions also delved into the emerging cooperative opportunities between Wuhan and Hong Kong in the realm of I&T development. Representatives from leading enterprises and industry experts engaged in robust discussions on integration and collaboration prospects in I&T industries, offering valuable insights into expanding and upgrading business operations through strategic synergies between the two cities.
The culmination was a renewed commitment from both sides to foster closer collaboration and capitalise on the shared opportunities for innovation-led growth and development in Wuhan and Hong Kong.
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In a move set to reshape Hong Kong’s fintech landscape, the Hong Kong Science and Technology Parks Corporation (HKSTP) and an international bank have embarked on a pioneering three-year strategic partnership. This collaboration marks the city’s largest innovation and technology (I&T) ecosystem joining forces with a leading global financial institution, representing a significant step forward in fostering innovation and fortifying the bank-fintech collaboration ecosystem.
The agreement, inked by the Chief Executive Officer, Hong Kong from the international bank and Albert Wong, Chief Executive Officer of HKSTP, signifies a milestone in driving Hong Kong’s startup, fintech, and I&T ecosystems to new heights. This transformative partnership is poised to revolutionize Hong Kong’s fintech landscape through a strategic focus on five key areas:
International Fintech Corridor: Facilitating seamless collaboration between Hong Kong-based fintech firms and global partners, with a keen focus on attracting international companies to establish a presence in Hong Kong. Through insightful market analyses and supportive services, the partnership aims to empower tech companies to expand their global footprint. Notable initiatives include business matching events and participation in international delegations to foster global connections.
Investment Opportunities: Identifying and nurturing promising technology companies by providing access to funding opportunities, investment insights, and mentorship. The partnership aims to support a minimum of 50 fintech companies proposed by HKSTP, offering tailored financing solutions and investment opportunities to fuel their growth journey.
Ecosystem Growth and Support: Offering coaching sessions, access to industry experts, mentorship, and networking opportunities to foster the growth of HKSTP’s fintech ecosystem. Through a series of workshops, fintech companies will receive guidance to ensure the safe operation of their solutions in collaboration with financial institutions. The partnership aims to invite up to 20 fintech firms annually to these workshops and provide customised financial services, including payment, lending, foreign exchange, cash management, and trade finance support.
Data Collaboration: Enhancing cross-industry data collaboration capabilities to drive innovation and improve accessibility to products and services.
Solution Scouting and Co-creation: Evaluating and potentially integrating HKSTP’s tech ventures’ fintech solutions into the bank’s products and services. Additionally, the partnership will explore opportunities for product co-creation with fintech companies to drive innovation and enhance customer experiences.
Albert Wong, CEO of HKSTP, expressed enthusiasm about the transformative journey ahead, emphasizing the collaborative effort’s potential to propel fintech innovation and scale up Hong Kong’s fintech ecosystem. He highlighted the partnership’s commitment to leveraging networks, funding, mentorship, and business matching opportunities to drive fintech growth.
Hong Kong’s emergence as a leading fintech hub, boasting over 1,000 fintech companies and nearly 4,000 startups, underscores the strategic importance of fostering innovation in the region. With a strong emphasis on technological innovation and development, reflected in the 2023 Hong Kong Policy Address, the government’s vision aligns with the partnership’s objectives to enhance Hong Kong’s long-term competitiveness.
In the banking sector, Hong Kong’s proactive approach to promoting fintech advancements across various domains, including Wealthtech, Insurtech, Greentech, and Regtech, underscores the region’s commitment to embracing digital transformation. With ongoing initiatives to explore the potential of artificial intelligence, blockchain, tokenization, and virtual assets, Hong Kong is well-positioned to drive fintech innovation on a global scale.
Continuing its commitment to fostering open banking innovation, the international bank will sponsor HKSTP programmes such as the Elevator Pitch Competition (EPiC) and API EcoBooster. EPiC 2024, which attracted over 600 leading tech startups from 47 economies globally, serves as a testament to the collaborative efforts driving fintech innovation locally and globally, further solidifying Hong Kong’s position as a key player in the digital economy arena.
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A recent joint effort between the Innovation and Technology Commission (ITC) and the Hong Kong Productivity Council (HKPC) has resulted in a lead in technological advancement, particularly with the enhancement of the Technology Voucher Programme (TVP).
The TVP Tactic Day event celebrated this. It witnessed the launch of digital signing function for TVP in partnership with “iAM Smart+”. This will not only streamlined the signing process for funding agreements but has also ensured the integrity and authenticity of these crucial documents, setting a new benchmark for efficiency in application processes.
Representatives from both SMEs and IT sectors gathered to explore and deliberate on pressing cyber security trends and forecasts for 2024. The overarching goal was to empower SMEs with the requisite knowledge and tools to effectively mitigate potential cyber threats.
The Commissioner for Innovation and Technology; the Chairman of the Tech Voucher Program Committee; the Executive Director of HKPC and the Chief Operating Officer of HKPC were in attendance and underlined the significance of this collaborative endeavour.
The introduction of the digital signing function within TVP will enhance the application process while bolstering security measures. Leveraging the capabilities of “iAM Smart+” for digital signing under the Electronic Transactions Ordinance, applicants can now navigate the signing process with unparalleled ease and convenience, unhindered by constraints of time or location, thereby ushering in a new era of seamless application procedures.
In his address, Hong Kong’s Commissioner for Innovation and Technology shed light on the remarkable surge in TVP applications witnessed in recent years, reflecting a burgeoning demand among local enterprises to harness technology for driving business growth. With over 33,000 funding applications supported, amounting to a staggering HKD$5.8 billion in funding, TVP stands as a testament to Hong Kong’s commitment to fostering technological innovation and economic prosperity.
Meanwhile, the Executive Director of HKPC reiterated HKPC’s pivotal role as the implementation partner for TVP since June 2021, emphasising the organisation’s unwavering dedication to streamlining processes and ensuring efficient handling of over 26,000 funding agreements to date. The introduction of the digital signing function further solidifies HKPC’s commitment to enhancing security measures, providing robust identity verification and encrypted signing documents to safeguard the integrity of the entire process.
Looking ahead, HKPC remains steadfast in its commitment to supporting enterprises on their digital transformation journey, aligning closely with national policies to bolster Hong Kong’s innovation and technology (I&T) ecosystem. Leveraging Hong Kong’s unique strengths, HKPC aims to empower industries with I&T, foster collaboration across sectors, and accelerate the development of new productivity forces, thereby cementing Hong Kong’s position as an international I&T centre with global influence.
In addition to unveiling the digital signing function, the event also featured a comprehensive seminar on “TVP Tactics,” offering practical insights and guidance for interested and funded enterprises to navigate the application process effectively.
Furthermore, cyber security experts from esteemed organisations such as the Cyber Security and Technology Crime Bureau, Hong Kong Police Force, and Hong Kong Computer Emergency Response Team Coordination Centre delivered keynote speeches, shedding light on the evolving network threats faced by SMEs and providing invaluable insights on cyber security trends for 2024.
Initiated in November 2016 under the Innovation and Technology Fund, TVP continues to play a pivotal role in supporting local enterprises across diverse industries in harnessing technology for productivity enhancement and business process upgrades. With the latest enhancements and collaborative efforts, TVP stands poised to further propel technological innovation, driving sustained growth and competitiveness in Hong Kong’s dynamic business landscape.
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In a strategic move to bolster innovation and technology (I&T) ecosystems, the Hong Kong Science and Technology Parks Corporation (HKSTP) recently concluded an impactful visit to the Middle East, solidifying various strategic partnerships across Saudi Arabia, Qatar, and the UAE. This landmark initiative aimed to reinforce the world-class I&T ecosystems of both Hong Kong and the Middle East, leveraging digital advancements to propel global progress and collaboration.
Led by Professor Sun Dong, the Secretary for Innovation, Technology, and Industry, the delegation comprised representatives from eight park companies, showcasing Hong Kong’s prowess in innovation at the prestigious LEAP 2024 event.
These partnerships mark significant milestones in HKSTP’s mission to cultivate a truly global innovation community, seizing opportunities for multilateral technology collaborations and fostering cross-border innovation networks.
Among the standout achievements was Halo Energy Limited (Halo), a leading provider of electric vehicle (EV) charging solutions, securing two major partnerships in the UAE and Qatar. These strategic collaborations aim to explore opportunities for EV charging deployment and investment in the Middle East, laying the groundwork for sustainable transportation solutions in the region and driving the adoption of clean energy technologies.
A biotech company, a subsidiary of an HKSTP park company, inked a trilateral agreement with the Dubai Economic Development Corporation and another HK business. This partnership will expand the biotech research and development (R&D) footprint in the UAE, focusing on advancements in human and veterinary diagnostics and lab testing.
The collaboration underscores the commitment to technology exchange and innovation-driven solutions, fostering a dynamic ecosystem for biotech and green tech investments in the Middle East.
Furthermore, a pioneer in smart building solutions forged a strategic partnership with a Dubai-based company. This collaboration aims to promote energy-saving and green building solutions, with plans to implement its innovative platform in 100 commercial buildings across the region over the next 18 months. By harnessing the power of digital technologies, the partnership seeks to drive sustainable urban development and enhance the efficiency of built environments in the Middle East.
Albert Wong, CEO of HKSTP, emphasised the transformative potential of these partnerships in propelling both regions into a new era of innovation and collaboration. The strategic MoU signed with the King Abdulaziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia, represents a pivotal step towards technology exchange and startup support between the two ecosystems, fostering an environment conducive to groundbreaking initiatives in technology and industry practices.
The delegation also explored strategic partnerships with another group, facilitating startups’ market expansion efforts in the Middle East, and engaged with leading innovation hubs such as Masdar City, Hub 71 in Abu Dhabi, and the Sharjah Research Technology and Innovation Park (SRTIP). These interactions fostered discussions on fostering innovative ecosystems and promoting collaboration across government, industry, and academia to drive research and development initiatives in key sectors.
HKSTP was optimistic after showcasing its vibrant I&T ecosystem at the Hong Kong Pavilion during LEAP 2024 in Riyadh, Saudi Arabia. With meaningful synergies anticipated between the two regions, the event provided a platform for HKSTP to highlight Hong Kong’s technological strengths and solidify its position as a gateway to the Greater Bay Area. T
Through demonstrations by eight Science Park tech ventures and a panel discussion moderated by CEO Mr Albert Wong, the event aimed to uncover new commercial opportunities and foster international partnerships for a prosperous I&T future.
The HKSTP’s Middle East delegation exemplifies the power of international collaboration in driving digital transformation and innovation. By forging strategic partnerships and fostering cross-border innovation networks, HKSTP is at the forefront of propelling global progress and shaping a future where technology transcends borders to address complex challenges and unlock new opportunities for all.
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The Hong Kong Productivity Council (HKPC) applauds the successful conclusion of the 2024 National People’s Congress (NPC) and its forward-looking developmental plans, aligning with the HKSAR Government’s policy agenda. With a focus on technological innovation and green initiatives, the council aims to drive sustainable growth and enhance competitiveness in the region.
Embracing the national strategy of modernising the industrial system and advancing new-quality productivity, HKPC is poised to bolster Hong Kong’s journey towards becoming a global innovation and technology hub.
Founded in 1967, HKPC stands as a statutory body aimed at spearheading productivity advancements through cutting-edge technology and pioneering services. Championing the realms of Industry 4.0 and Enterprise 4.0, HKPC is steadfast in propelling Hong Kong’s new industrial revolution and positioning it as a global innovation centre and smart metropolis.
Chairman of HKPC, Mr Joshua Chan, underscores the significance of new quality productivity in propelling national and regional development, emphasising Hong Kong’s pivotal role as a central city within the Greater Bay Area.
Mr Chan revealed that “new quality productivity” has emerged as a pivotal concept during the two sessions, driving rapid development in the country, the Guangdong-Hong Kong-Macao Greater Bay Area, and the HKSAR.
He underscored how the national strategy provides Hong Kong with continuous momentum for growth, urging the city to leverage its unique position. Hong Kong must fulfil its role as the central city of the Greater Bay Area, serving as a core engine for regional development, and becoming a crucial gateway for the country’s advancement in new quality productivity tailored to local circumstances.
Leveraging its unique position and strengths under the “One Country, Two Systems” principle, Hong Kong is poised to spearhead the development of new industrialisation, reducing dependency on external supply chains and fostering homegrown innovation. With a focus on emerging sectors like artificial intelligence and big data, HKPC aims to support mainland enterprises in their global expansion endeavours.
The essence of new quality productivity lies in innovation, high quality, and sustainability. Combining new technologies and processes, HKPC envisions a future where smart micro-factories play a central role in Hong Kong’s industrial landscape. These micro-factories, powered by advanced technologies such as Artificial Intelligence and the Internet of Things (IoT), enable highly flexible and efficient production methods while optimising space utilisation.
As the council continues to champion technological innovation and industrial development, it aims to position Hong Kong as a global leader in new quality productivity and new industrialisation.
Secretary for Productivity underscores the government’s commitment to driving technological innovation and enhancing productivity through new quality productivity initiatives. With a focus on intelligent production, the government has facilitated over 1,200 industrial intelligence projects in the Greater Bay Area, spanning various industries from advanced materials to traditional sectors like food.
Based on past experiences and technological advancements, HKPC is dedicated to supporting local industries in adopting smart production practices and fortifying their cybersecurity defences.
Looking ahead, HKPC is poised to deepen collaboration with government, industry, academia, and research institutes to foster innovation and talent development. By leveraging its networks and resources, the council aims to attract top-notch scientific research talent and facilitate technology exchanges to capitalise on emerging opportunities.
OpenGov Asia reported that the 2024-25 Budget was well received with its focus on advancing Hong Kong’s innovation and technology sector and support for I&T ventures, talent, and economic diversity. Agencies focussed on deploying tech to advance Hong Kong all align with government policies, fortify the ecosystem, cultivate talent, and enhance the city’s I&T competitiveness.
Through initiatives like technology study tours and talent exchanges, HKPC seeks to position Hong Kong as a leading platform for new quality productivity and industrialisation, driving forward the nation’s development agenda in the digital age.