Paul Chan: Hong Kong leverages its "Northern Metropolis" and financial advantages to create international corporate innovation and technology partnerships

The Financial Secretary, Paul Chan, pointed out that the world is witnessing a dual trend of artificial intelligence and green transformation. These two driving forces are not only reshaping industrial chains and business models but also becoming key to future economic competition. He emphasized that Hong Kong has invested over HKD 200 billion to promote the development of innovative technology, successfully attracting more than a hundred key enterprises to settle in the region, which is expected to bring over HKD 60 billion in investment and approximately 22,000 jobs, helping Hong Kong build an innovative ecosystem.

Paul Chan stated that artificial intelligence technology is driving innovation across product design, production operations, and supply chain management, with its core value lying in its ability to scale efficiency, accelerating breakthroughs in manufacturing, biotechnology, and other fields. On the other hand, the global green transformation continues to advance, with carbon constraint demands driving the formation of emerging industrial chains in renewable energy, electric vehicles, and green hydrogen, creating a new business cycle. In the face of changes in the international economic landscape, he believes that enterprises must strike a balance between efficiency and resilience, and that China, with its complete industrial system and technological innovation layout, is actively participating in international industrial chain cooperation. With national support, Hong Kong focuses on high-quality development and technological self-reliance, striving to promote advantages in AI, data science, biotechnology, and other fields, and attracting international enterprises through the "Key Enterprise Office" to strengthen the upstream and downstream technology ecosystem.

To further expand industrial space, Hong Kong is accelerating the development of the "Northern Metropolis," which will accommodate diverse industries, including innovation and technology. The government will provide customized land, financial, and policy support, especially for projects that are technologically advanced, have large investment scales, and create many job opportunities. At the same time, Hong Kong, with its status as an international financial center, can provide enterprises with full-stage funding support from venture capital to stock market financing. Paul Chan finally emphasized that Hong Kong is not only a market but also an opportunity and a partner, looking forward to growing alongside international enterprises and jointly seizing the strategic opportunities brought by the technological and green revolutions