Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

Hong Kong’s 2021 Policy Address Focuses on Tech

Image Credits: HK 2021 Policy Address Website

The Chief Executive of Hong Kong delivered the 2021 Policy Address which aims to bolster the development of innovation and technology (I&T) to transform Hong Kong into an international I&T hub. The CE had noted, before delivering her final Policy Address, that the address will focus on economic integration with the Chinese mainland, housing and land supply, and resumption of quarantine-free travel with the mainland.

For example, with regards to Housing and Land, among other goals, the HKSAR government aims to:

  • Ensure the timely delivery of the 10-year public housing production of 330,000 units by advancing projects in the latter five-year period (2027-28 – 2031-32) as far as practicable
  • Further streamline development processes through the critical examination of town planning, environmental impact assessment and other statutory requirements, and
  • Take forward the Northern Metropolis Development Strategy to transform the northern part of Hong Kong into a lively and attractive area providing more land for housing, technology development and other industries

In a section titled ‘New Impetus to the Economy’, the government is working to:

  • Improve the listing regime, expand offshore RMB business and grow agreen and sustainable financial sector
  • Develop a “Smart Port”, grow high value-added logistics and maritime business, and improve connectivity within the Greater Bay Area and beyond
  • Improve small and medium enterprises’ access to bank financing through the Commercial Data Interchange
  • Attract reputable dispute resolution institutions to set up offices in the Hong Kong Legal Hub
  • Riding on achievements in recent years, build a complete innovation and technology ecosystem via providing more land and infrastructure, promoting research and development, investment in technology, re-industrialisation as well as supporting universities’ research
  • Take forward the Airport City developments and enhance co-operation with Zhuhai in the aviation industry
  • Modernise the copyright regime in light of the digital environment
  • Develop world-class cultural facilities and cultivate a pluralistic cultural environment
  • Invest $100 billion on average annually in infrastructure in the next few years

The Policy Address also covered targets to help ‘Nurture Talent and Youth Development’. These include working to:

  • Double the annual quota of the Quality Migrant Admission Scheme to 4 000
  • Add new professions and expand the fields of existing professions to the Talent List to target high-quality talents
  • Extend the Research Matching Grant Scheme for two years to support research work of the higher education sector
  • Enhance national education and values education with the Education Bureau playing a monitoring role
  • Invite the Youth Development Commission to explore the introduction of a new funding scheme to nurture young people’s positive thinking

Leading academic and research institutions have shown support for the 2021 Policy Address. For example, the Chairman of ASTRI noted that he was pleased to see that the government continues to actively promote the development of I&T in Hong Kong via diversified policy initiatives, including providing more land and infrastructure, promoting research and development, investing in innovation and technology, accelerating re-industrialisation, as well enriching the local talent pool.

In addition, collaboration in I&T between Hong Kong, the Greater Bay Area and other mainland cities will be strengthened. Meanwhile, the CEO of ASTRI stated that the agency has leveraged cutting-edge technologies in a wide range of areas.

“We will render our full support to the government to implement the initiatives, which include accelerating the adoption of innovative 5G applications across multiple industries, realising intelligent manufacturing, making use of the Commercial Data Interchange platform developed by the Hong Kong Monetary Authority (HKMA) to promote alternative credit scoring, etc., in a view to continuously foster smart city development and enhance quality of life of citizens,” he said.

The University of Hong Kong (HKU) also welcomed the 2021 Policy Address in proposing several visionary and creative policies to support scientific research and development. It is encouraging to see the provision in land resources, talents, and financial policies, which will help attract more world-class talents and outstanding research postgraduate students to Hong Kong, the press release notes.

The University pledged to leverage its research capabilities to actively participate in the InnoLife Healthtech Hub in the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in the Loop district.

The Hong Kong Polytechnic University (PolyU) also expressed support for the Chief Executive’s initiatives in the 2021 Policy Address that charted a roadmap to build a brighter future for Hong Kong in collaboration with all sectors of the community.

The press release notes that the University is grateful towards the current administration’s staunch support in nurturing talents and promoting innovation and technology, particularly its investments of more than HK$130 billion in innovation and technology over the past four years, as well as the development of a more comprehensive innovation and technology ecosystem. These have made innovation and technology a new impetus for the city’s economy.

The President of PolyUn conclusion noted that in the next academic year, PolyU will reform its undergraduate programme to strengthen education in artificial intelligence, data analytics, innovation and entrepreneurship, while enhancing support to students’ entrepreneurial endeavours in the GBA.

The Hong Kong Baptist University (HKBU) also responded positively to the 2021 Policy Address. The University’s press release noted that HKBU supports the setting up of an InnoLife Healthtech Hub in the HSITP. Life and health are one of the key research areas of HKBU, and it has the relevant research facilities, including the State Key Laboratory of Environmental and Biological Analysis, Computational Medicine Lab and System Health Lab.

The University also participates actively in the InnoHK research clusters and plays an important role in promoting the development of Chinese medicine in Hong Kong. Apart from having established the Hong Kong Chinese Medicine Clinical Study Centre, it was recently appointed as the operator of Hong Kong’s first Chinese Medicine Hospital. The University hopes that the InnoLife Healthtech Hub will inject impetus into the research and industry development of life and health in Hong Kong.

HKBU also welcomed the government’s plan to develop Hong Kong into an East-meets-West centre for international cultural exchange. The University is at the forefront of development in the areas of art, culture and creative media, and it has nurtured talent in various sectors, including music, film, visual arts, cultural studies, creative writing and art-tech, to provide new impetus to the creative industries.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com