On the 28th, the Financial Secretary of the Hong Kong Special Administrative Region Government, Chan Mo po, published a blog post stating that actively exploring new business models, formats, and industries driven by technological innovation, providing them with good cultivation conditions, development scenarios, and financing environment, and building a complete ecosystem of upstream, midstream, and downstream industries is a key path for Hong Kong to develop new quality productivity according to local conditions. Chen Maobo stated that technological innovation not only brings new growth momentum to the real economy, but also brings new themes to the capital market. From artificial intelligence, big data, biopharmaceutical technology, to new energy, new materials, etc., if enterprises can propose solutions to pain points and create value products or services through leading core technologies and innovative business transformation, they can seize the opportunity, achieve leapfrog business growth, and bring considerable returns to investors. Chen Maobo gave an example that last year the number of startups in Hong Kong exceeded 4200, an increase of over 30% from four years ago, with about a quarter of the founders coming from overseas. In the past year, the SAR government has successfully introduced nearly 50 key innovative and technological enterprises to settle in Hong Kong or expand their business there. Recently, Hong Kong Shenzhen Innovation and Technology Park Co., Ltd. located in Hetao has also signed cooperation memorandums with about 60 partners. Chen Maobo continued to point out that recently, Hong Kong Science and Technology Park Company held the "Elevator Fundraising Competition 2024", opening the door to promising startups worldwide. The founders of the winning companies in the competition all pointed out that Hong Kong not only helps startups develop their creativity into mature and complete business solutions, but also provides an important platform to showcase their achievements to the mainland and overseas, which is more conducive to their recruitment of talents and creates conditions for their next entry into the Guangdong Hong Kong Macao Greater Bay Area, mainland China, and even the entire Asian market. In the blog, Chen Maobo also mentioned the upcoming first quarter estimated GDP, believing that it will be within the range of the annual economic growth forecast. He said that in addition to striving to explore new economic growth points, Hong Kong should also continuously consolidate traditional economic links. As the May Day holiday approaches, Hong Kong will continue to make every effort to organize grand events with different themes, create more attractive new experiences, create more sales and consumption scenes, timing and highlights, attract more citizens, business and tourist tourists to consume in Hong Kong, and ignite the local economy. (Lai Xin She)
Edit：Lubaikang Responsible editor：Chenze
Source：China News Network
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