He said the development of innovation and technology (I&T) will bring huge economic benefits to Hong Kong, adding that sufficient resources, with a commitment of over 100 billion HK dollars has been allocated in this area so far.
More efforts will be made to support scientific research and I&T sectors by developing I&T infrastructure, promoting research and development (R&D), pooling talent, supporting enterprises and promoting reindustrialization.
Talking about national development strategy, Chan emphasized that the Greater Bay Area development and the Belt and Road Initiative are providing rare opportunities for Hong Kong.
Chan said that the outline development plan for the Greater Bay Area, promulgated last week, is a milestone setting out the development directions for the Greater Bay Area up to 2035.
Hong Kong, positioned as international financial, transportation and trade centers as well as an international aviation hub in the Greater Bay Area, will strengthen its roles as a global offshore Renminbi business hub and an international asset and risk management center; and will devote great efforts to develop I&T industries as well as international legal and dispute resolution services, the financial chief said.
Meanwhile, the Belt and Road Initiative will create greater room for Hong Kong's economic and social development. There has been positive outcomes in areas such as supporting industries in exploring markets, establishing business matching platforms for enterprises and encouraging Hong Kong's professional services sector to participate in Belt and Road projects.
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