In a current weblog submit, Hong Kong’s Monetary Secretary celebrated Father’s Day whereas additionally sharing the federal government’s important efforts in stimulating progressive technological growth. The official highlighted that for the reason that institution of the Innovation and Know-how Bureau (now the Innovation, Know-how, and Industrial Bureau) in 2015, almost HKD 200 billion has been invested to bolster technological innovation.
The “Fourteenth 5-12 months Plan” of China has particularly tasked Hong Kong with constructing a global middle for progressive expertise. The plan goals to boost industrial upgrading, diversification, and high-quality growth, aligning with China’s goal of attaining high-level technological self-reliance and accelerating modernization.
Underneath this directive, expertise and innovation are not simply choices for Hong Kong however vital stipulations for its future progress. As a part of this technique, the area is specializing in courting companies and expertise, as indicated within the Chief Government’s coverage deal with final October. Moreover, the “Hong Kong Innovation and Know-how Growth Blueprint” launched on the finish of final yr, has set a path for the sector’s progress.
Earlier this yr, the Monetary Secretary explicitly identified within the finances that Hong Kong ought to intention for high-quality growth targets. To realize this, it’s essential to actively align with the nationwide growth technique, leverage Hong Kong’s benefits, and benefit from the distinctive advantages of “one nation, two techniques” to create a brand new trajectory for the town’s financial growth.
Web3 (WEB3), or Internet 3.0, usually refers back to the subsequent era of web companies past present one, encompassing decentralized platforms, blockchain applied sciences, and cryptocurrencies. Hong Kong’s funding in innovation and expertise will seemingly embody important efforts in Web3-related applied sciences, that are thought to be a key to the long run digital economic system globally.
The Monetary Secretary’s emphasis on expertise and innovation aligns with the worldwide development in the direction of WEB3, positioning Hong Kong as a key participant within the rising WEB3 period.
