Hong Kong announces groundbreaking initiatives for innovation

Hong Kong has unveiled transformative plans that mark major milestones in innovation and technology. The city is set to establish its first national manufacturing innovation centre outside mainland China. Moreover, a high-level steering committee is to lead AI development initiatives, in conjunction with the country’s 15th five-year plan. This showcases Hong Kong’s commitment to technological advancement and integration with China’s development strategies. Financial Secretary Paul Chan Mo-po highlighted the significance of these initiatives during Wednesday’s budget presentation. He emphasized the importance of embracing the 15th five-year plan with an innovative mindset. By nurturing new quality productive forces aligned with local…