Hong Kong to unveil I&T development plan for next 5-10 years

HONG KONG -- The Hong Kong Special Administrative Region (HKSAR) government will release a development plan for innovation and technology (I&T) for the next five to 10 years within the next six months, said an official Tuesday.

Highlights of the development plan include the establishment of an innovation and technology ecosystem, which will help integrate resources in the region, connect upstream, midstream and downstream stakeholders, and promote cross-sector and cross-regional collaboration, said Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, at a forum organized by Our Hong Kong Foundation.

Eva Cheng, president of Our Hong Kong Foundation, said the country's 14th Five-Year Plan explicitly supports Hong Kong's development as an international innovation and technology hub, bringing unprecedented opportunities to Hong Kong.

Hong Kong's infrastructure, science and innovation ecosystem, legal and professional services, venture capital and incubators, and stock exchange financing are all developing and growing, said Cheng.