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HKPC Welcomes Continuous Promotion of I&T Development in Policy Address Full Support for the Government to Develop I&T to Boost Hong Kong Economy

(Hong Kong, 19 October 2022) The Hong Kong Productivity Council (HKPC) welcomes the series of initiatives and recommendations to support the development of innovation and technology (I&T) in the “2022 Policy Address” delivered by the Chief Executive, Mr John LEE, today (19 October). HKPC will continue to actively support the Government’s ongoing efforts to develop Hong Kong into an international I&T hub, strengthen the collaboration among industry, academic and research sectors to promote the “1 to N” transformation of research and development (R&D) outcomes and the industry development, further enhance the local R&D ecosystem and industry chain, and press ahead with the reindustrialisation of Hong Kong and development of smart manufacturing.

HKPC is inspired by the Government’s Policy Address to offer all-round support for the I&T development of Hong Kong and to dedicate more resources to the I&T industry. HKPC has been actively promoting the development of high value-added industry, supporting the upgrading and transformation of traditional industries of Hong Kong through I&T, and making great efforts to facilitate the commercialisation of R&D outcomes and enlarge the I&T talent pool. Leveraging on its close ties with the industry, HKPC will serve as a bridge between the Government and the industry. Through advanced technology, FutureSkills training and government funding, we will fully support local enterprises, promote the dual-track development of Hong Kong's I&T and reindustrialisation, tell Hong Kong’s I&T stories, and promote Hong Kong as an international I&T hub.

HKPC will fully support the Government to promulgate the Hong Kong I&T Development Blueprint within this year to set out major policies under four broad development directions: to enhance the I&T ecosystem and achieve reindustrialisation in Hong Kong; to enlarge the I&T talent pool to create a strong impetus for growth; to develop Hong Kong into a smart city to improve the quality of life of Hong Kong people; and to proactively integrate into the overall development of the country and consolidate Hong Kong's advantages as an international city. HKPC will also provide comprehensive support to enterprises in strategic industries such as life and health technology, artificial intelligence and data science, financial technology, advanced manufacturing and new energy technology.

HKPC welcomes the measures in the Policy Address to achieve the goal of carbon neutrality before 2050 and will kick-start practical and applicable R&D projects in energy conservation, green transportation and waste reduction for all, in line with the government's efforts to reduce the total carbon emissions by 50% before 2035 (from the 2005 level) in order to achieve the goal of carbon neutrality before 2050.

Also, the Policy Address mentions the government will step up the promotion of STEAM (Science, Technology, Engineering, the Arts and Mathematics) education, building a solid foundation for students to join the booming I&T development envisioned for Hong Kong. HKPC has been actively providing diversified training courses for academic and industry sectors, striving to nurture new talents for I&T and business industries, and create upward mobility opportunities for young people. At the end of this year, a new TechEd Playground and STEAM exhibition hall will open at HKPC building, with the aim of becoming an exchange and integrated platform to strengthen and connect talent training, and reinforcing HKPC’s commitment to enlarge the local talent pool.

The Report of the 20th National Congress of the Chinese Communist Party emphasised science and technology as the primary productive force, talent as the primary resource, and innovation as the primary driving force. HKPC supports the “2022 Policy Address” as it has responded to the call of the country. With a firm R&D foundation, HKPC is committed to supporting the central government and the HKSAR government to implement Hong Kong's I&T and reindustrialisation policies to help Hong Kong enterprises enhance their competitiveness and promote sustainable development. HKPC will also focus on playing its significant role in the nation’s dual circulation strategy, deepening the cooperation between Hong Kong and the Mainland, and actively integrating into the nation’s overall development. This includes supporting Mainland enterprises to apply technologies in Hong Kong, assisting them to “go global", and accelerating the internationalisation of Mainland technologies so as to expand business opportunities for local and Mainland enterprises.

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