Hong Kong to Strengthen Tech and Industrial Ties Under National Development Plan

February 8, 2026 - 13:31

Financial Secretary Paul Chan Mo-po has outlined a strategic vision for Hong Kong, emphasizing the city's need to deepen its technology and industrial capabilities in alignment with national development goals. He stated that Hong Kong must more effectively leverage its core strengths as an international financial hub to empower and accelerate its industrial advancement.

The focus will be on fostering innovation and translating research into commercial applications. This involves building stronger synergies between the financial sector and emerging industries, particularly in fields like artificial intelligence, biotechnology, and fintech. The aim is to cultivate a more robust and diversified economic base beyond traditional service industries.

Chan highlighted that integrating into the national blueprint is essential for the city's future growth. By channeling capital and facilitating investments, Hong Kong's financial markets can play a pivotal role in nurturing homegrown tech firms and attracting high-value manufacturing. This approach is seen as key to enhancing overall competitiveness, creating quality employment, and ensuring sustainable long-term prosperity for the special administrative region. The government is expected to introduce further policy measures to support this industrial upgrade.