Financial Secretary Paul Chan emphasized the crucial role of innovation in Hong Kong’s development during an awards ceremony for the Science and Technology Innovation Prize. Chan highlighted the necessity of fully supporting the innovative industry to contribute to the country’s efforts in fostering new quality productive forces. This commitment to innovation is integral to propelling Hong Kong forward in the global landscape.
Hong Kong’s Support for Innovation Industry
Chan underscored Hong Kong’s advantage as an international financial center, leveraging this position to provide essential capital support for the innovative industry. Over the past few years, the government has successfully attracted more than 100 firms to the SAR, specializing in cutting-edge areas such as artificial intelligence, big data, biotechnology, new energy, and materials. These companies are projected to invest over HK$50 billion in the upcoming years, leading to the creation of more than 17,000 jobs, predominantly research and managerial roles.
Collaboration for Technological Advancement
Dennis Lo, the chair of the Hong Kong Alliance of Technology and Innovation, highlighted the significance of the Hetao tech zone development between the SAR and Shenzhen. This collaboration is poised to emerge as a vital cooperation platform within the Greater Bay Area, fostering technological advancements and synergies between the two regions. The concerted efforts of the country and the SAR government are driving the establishment of Hong Kong as an international hub for innovation and technology.
Celebrating Excellence in Science and Technology
The prestigious Science and Technology Innovation Prize recognized five outstanding laureates this year, including esteemed individuals like Chai Yang, associate dean of Polytechnic University’s science faculty, and Ng Siew-chien, assistant dean of Chinese University’s medical school. Additionally, the award honored mechanical and automation engineering professor Chen Shih-chi and chemistry professor Zhang Hua from Chinese University, along with computer science scholar Wang Cong from City University.
As we reflect on the pivotal role of innovation in shaping Hong Kong’s future, it is evident that fostering a culture of creativity and technological advancement is paramount for sustainable growth and success. Embracing innovation not only propels economic development but also enhances our global competitiveness and positions Hong Kong as a trailblazer in the realm of science and technology. Let us continue to champion innovation and empower the next generation of visionaries to drive transformative change and breakthroughs in the ever-evolving landscape of innovation.
