Blog

We are living in an era witnessing waves of technological transformation. Whether it is artificial intelligence (AI), biotech or new industrialisation, while research and development (R&D), innovation and application are crucial, the proper collection, categorisation, labelling, management and utilisation of data are no less important. Promoting comprehensive digitalisation across different industries and businesses is essential not only to enhancing the operational efficiency and competitiveness of enterprises, but also to spurring innovation in products, services and business models. It will also enable the provision of more personalised services to consumers and corporate clients. Technological innovation has become a vital driving force of production, with data being an indispensable element. Indeed, nurturing new quality productive forces that are centred around innovation and technology (I&T) has become the core of our efforts to promote the high-quality development of Hong Kong's economy.

Our country is making great strides towards high-quality development. During this year’s “Two Sessions” in Beijing, President Xi Jinping underscored the importance of accelerating the development of “new quality productive forces” as a key component and pillar for high-quality development. Alongside developing Hong Kong into an international innovation and technology (I&T) centre, we will leverage Hong Kong’s robust intellectual property (IP) protection regime and realise our role as a regional IP trading centre under the National 14th Five-Year Plan, thus creating new pathways for development.

The long Easter weekend has come. To celebrate, many of our residents have planned activities of various kinds. Some are travelling outside Hong Kong, while some others are staying in the city to relax and enjoy their holiday by dining out, going to the countryside and strolling around with family and friends.