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Policy Address measures highlighted

Secretary for Commerce & Economic Development Edward Yau today briefed members of the Trade & Industry Advisory Board on initiatives related to commerce and trade in the 2021 Policy Address.   Mr Yau said the Policy Address focuses on integration into national development and states that the developments of Hong Kong and the nation are closely related.   While the nation is the major growth engine and driving force for the global economy, the 14th Five-Year Plan, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Qianhai plan, the economic development pattern of not only greater domestic circulation but also domestic and international dual circulation, as well as the Belt & Road Initiative have brought unlimited opportunities for enterprises and professional services providers in Hong Kong.   The city must seize these opportunities and leverage its advantages, Mr Yau noted.   During the meeting, the commerce chief stressed that Hong

Alfred Sit holds I&T briefings

Secretary for Innovation & Technology Alfred Sit held engagement sessions with Hong Kong deputies to the National People's Congress (NPC) and Hong Kong members of the Chinese People's Political Consultative Conference (CPPCC) on February 22 and 23.   The sessions were conducted in a virtual format to brief them on Hong Kong's latest innovation and technology developments before they attend the NPC and CPPCC meetings in Beijing next month.   Mr Sit expressed gratitude to the Hong Kong NPC deputies and the Hong Kong CPPCC members for their attention to the city's innovation and technology development and he hoped they can render support for the Government's work in this aspect.   Hong Kong will continue to leverage its strengths to serve the country's needs and actively participate in the nation's development, particularly in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, he said.   "With the plentiful development potential in the Greater Bay Area, grasping the development opportunities in the Area is the top priority of the Hong Kong Special Administrative Region Government.”   The Government has been heavily investing and driving innovation and technology development along eight major areas with the staunch support of the country since the establishment of the Innovation & Technology Bureau.   The efforts are gradually delivering results and the overall innovation and technology ecosystem in Hong Kong has been significantly improved, with the number of local startups increasing from around 1,100 in 2014 to over 3,300 in 2020.
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