Trade, finance, innovation and technology to lead HK economy: Paul Chan

Trade, finance, and innovation and technology will be the key drivers of Hong Kong’s economic growth, with priority sectors on artificial intelligence and data science, biotech, fintech, and new energy and new materials, Financial Secretary Paul Chan Mo-po said.

He pointed out that the Office for Attracting Strategic Enterprises has attracted more than 100 companies, which are expected to invest over HK$60 billion and create more than 22,000 jobs.

These companies will bring new partners across their value chains, further strengthening and broadening Hong Kong's innovation ecosystem, he added.

“Hong Kong is not just a platform that connects capital, market projects, talent, and opportunity. Hong Kong is willing to be your strategic partner to help you grow, scale up, and go global,” he said.

Besides, to better integrate innovation and technology with industrial development, the government has made it a priority to expedite the development of the Northern Metropolis to welcome more technology and industrial enterprises to move in, Chan said.

He noted the government has rolled out incentive packages including land grants, premium concessions, tax incentives, and other facilitation measures, adding that “Everything is negotiable.”