The Hong Kong Special Administrative Region government has identified artificial intelligence as a key industry with a long-term development plan, creating momentum for innovation and attracting global technology.
By organizing a special display area for technological innovation at the 35th Hong Kong Book Fair and promoting regional cooperation, the Hong Kong government is building a solid foundation for the technology sector while expanding quality career opportunities for the youth.
MAIN CONTENT
Hong Kong established a display area for innovation and technology at the Book Fair for the first time.
The government identifies artificial intelligence as a key sector in the development strategy.
Enhancing regional cooperation and developing innovation to create job opportunities for youth.
How has the Hong Kong government implemented its technology innovation strategy?
According to the statement of Paul Chan Mo-po, Financial Secretary of Hong Kong in 2024, the special administrative government has systematically planned to promote the technology innovation sector with a focus on artificial intelligence. Organizing the innovation display area at the Book Fair for the first time is an important step to introduce achievements and attract investment in this field.
This strategy includes prioritizing the allocation of resources for basic research, effectively linking it to practical applications and the commercialization of technology. Moreover, the government actively supports local startups while attracting leading global technology companies to establish headquarters, contributing to the formation of a dynamic digital ecosystem. The development plan also emphasizes enhancing technological collaboration among major cities in the Guangdong-Hong Kong-Macau Greater Bay Area to leverage regional connectivity advantages for scaling up resources.
"Technology innovation is not just a trend but also a foundation for Hong Kong to transform into an international technology hub. The government is committed to this goal for the long-term benefit of the youth and the economy."
Paul Chan Mo-po, Financial Secretary of Hong Kong, 20/07/2024
What is the impact of the technology innovation strategy on Hong Kong's youth labor market?
According to the Hong Kong Financial Secretary's report in 2024, investment in the artificial intelligence and technology innovation sectors opens diverse, high-quality job opportunities for local youth. New positions in software development, big data research, and blockchain technology applications are forecasted to grow significantly.
Developing high-tech fields not only helps retain talent but also attracts quality human resources from major technology markets. With strengthened cross-regional cooperation, both startups and large technology corporations can leverage resources and expanded markets, creating a favorable environment for the youth to develop their careers.
How does Hong Kong establish cooperative relationships in the region?
Based on the announced development strategies, the Hong Kong government is actively expanding cooperation with cities in the Guangdong-Hong Kong-Macau Greater Bay Area to promote technology innovation and enhance overall competitiveness. This is a strategic move to leverage the advantages of regional economic and technological networks.
Coordinating efforts to promote joint research and enhance technological infrastructure helps accelerate the development of innovative solutions. This connection also supports the sharing of governance experience and product development processes, innovating vocational education methods focusing on high-tech fields.
What is the role of the government in supporting and developing Hong Kong's technology sector?
According to the opinion of a technology economics expert at the University of Hong Kong in 2024, the role of the government is crucial in building a comprehensive support ecosystem that includes preferential policies, funding support, and international cooperation. The government not only focuses on investing in research but also facilitates rapid commercialization projects.
Development plans for the northern region into a new urban area, along with connections to technology centers in the region, aim to promote innovation and expand the market. Maintaining long-term commitments demonstrated through continuous support policies is a key factor for the sustainable development of Vietnam's technology sector.
Frequently Asked Questions
Which technology sector does the Hong Kong government prioritize in its development strategy?
The Hong Kong Financial Secretary identified artificial intelligence as a key technology sector, focusing many resources on research and practical applications.
What role does the Hong Kong Book Fair play in the innovation strategy?
For the first time, the fair organized a display area for technological innovation, promoting achievements and attracting international investment.
How does the technology innovation strategy affect the youth?
Opening up many quality career opportunities in high-tech fields and attracting talent both domestically and internationally.
How is regional cooperation between Hong Kong and neighboring cities being implemented?
Strengthening research, infrastructure, and resource connections to accelerate the development of common innovative technologies.
What role does the Hong Kong government play in developing the technology sector?
Supporting funding, preferential policies, and creating a favorable investment environment for technology enterprises to develop sustainably.
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