Key facts
- Hong Kong is unveiling a 5-year plan to address economic gaps and create jobs.
- The plan includes a strong focus on artificial intelligence.
- Financial Secretary Paul Chan is promoting Hong Kong as a destination for AI investment.
- The government aims to connect international investors with Chinese technology firms.
- A Committee on AI+ is being established to streamline AI development.
- Broad AI training programs are planned.
- Chief Executive John Lee vows to pursue all markets despite geopolitical pressures.
- Hong Kong will focus on expanding into new markets.
- The Northern Metropolis project is highlighted for attracting talent and driving technological growth.
Hong Kong is launching a comprehensive five-year strategy aimed at narrowing economic gaps and generating new employment opportunities, with a significant emphasis on artificial intelligence. Financial Secretary Paul Chan is actively promoting Hong Kong as a prime location for artificial intelligence investment, intending to bridge international investors with Chinese technology firms. To facilitate this, the government is creating a Committee on AI+ to streamline the development and adoption of AI technologies across various sectors.
Furthermore, the administration plans to implement broad AI training programs to equip the workforce with necessary skills. In parallel, Chief Executive John Lee has declared Hong Kong's resolve to pursue all available markets, irrespective of prevailing geopolitical pressures. Lee stressed that the city will not disengage from any market and will instead concentrate on expanding its reach into new territories. A key component of this strategy is the Northern Metropolis project, which Lee highlighted as crucial for attracting skilled professionals and stimulating technological progress within the region.