The outline of the National "Fourteenth Five-Year Plan" clearly proposes to support Hong Kong in building an international innovation and technology center. Since the new Hong Kong SAR government took office, it has made every effort to promote the development of innovative industries and promote the transformation and upgrading of Hong Kong's economy. This has also brought new development opportunities to the German pharmaceutical company Bollinger Ingelheim, which has been deeply rooted in Hong Kong for many years. Chen Wenhan, head of the company's Hong Kong business, said that Hong Kong is not only an important market, but also becoming a global innovation base in the field of biomedicine. It is to observe this trend that the venture capital fund of this multinational pharmaceutical company signed an agreement with Hong Kong Science and Technology Park Company last year to jointly cultivate start-ups and focus on innovation in the field of biomedicine. "Hong Kong has a very good business environment, international talents, Chinese and Western culture and excellent infrastructure. We believe that this cooperation will be an excellent opportunity to expand Hong Kong's business," said Chen Wenhan. Liu Siya, senior director of the Transformation Research and Development Institute of Hong Kong Science Park, said that the number of biotech enterprises in the park has increased rapidly in recent years, from a few decades ago to more than 200 at present. Many multinational companies have expressed their interest in investment and hope to attract more biotechnology enterprises in the future. "Hong Kong has advantages in basic research, and many start-ups hope to transform innovation achievements in Hong Kong. Especially after the release of the Hong Kong Innovation and Technology Development Blueprint at the end of last year, the number of interested companies has increased significantly," she said. For a long time, Hong Kong's economy has been highly dependent on financial services, trade logistics and other industries. The service industry accounts for more than 90% of the gross domestic product, while industry accounts for a relatively low proportion. The current SAR government strongly supports the creative and scientific industries, promotes the diversified development of the economy, and provides more employment opportunities and growth space for young people. "The focus of Hong Kong's future development is to achieve economic diversification. The purpose of the Chuangke Development Blueprint released at the end of last year is to strive to bring a new situation to the development of Hong Kong's science, technology and industry in the next five to ten years." said Sun Dong, Director of the Bureau of Innovation, Technology and Industry of the Hong Kong SAR Government. He said that to boost the development of the innovation industry, we need to consolidate and strengthen Hong Kong's advantages in basic scientific research, international talents and other aspects, make up for the shortcomings in the transformation of scientific research achievements, and increase support for emerging industries such as artificial intelligence. The recently announced budget of the SAR Government proposed a number of measures to implement the four directions and eight key strategies proposed in the blueprint, and help Hong Kong to become an international innovation and technology center. Specific measures include carrying out feasibility study on the establishment of AI supercomputing center, reserving HK $3 billion to promote the relevant construction of cutting-edge science and technology fields such as AI and quantum technology. "The SAR government has expressed its intention and determination to promote the development of innovative science and technology, and is willing to invest in and support the development of innovative science and technology in Hong Kong with the capital market, which is a new measure in itself." said Lu Jian, director and lecturer of the Hong Kong Branch of the National Precious Metal Materials Engineering and Technology Research Center of the City University of Hong Kong. As an unofficial member of the Innovation, Technology and Industry Development Committee newly established by the SAR Government on the 3rd, Lv Jian will work with other experts from academia, industry and government to