Hong Kong is rapidly expanding its role in the global Hong Kong innovation network through groundbreaking technology initiatives. The city’s latest efforts highlight a firm commitment to becoming a global hub for innovation and research.
During his four-day visit to Zhejiang Province, Hong Kong Chief Executive John Lee explored major tech hubs. On the first day, he visited Hangzhou, where tech leaders like Alibaba and DeepSeek operate. There, he met with local firms and Hong Kong business professionals to discuss deeper cooperation.
Lee’s trip emphasized Hong Kong’s dedication to integrating with the mainland’s tech sector. This collaboration aims to convert research into practical industrial applications, a goal backed by recent policy directions.
Victor Lee, CEO of Rice Robotics, expressed confidence in Hong Kong’s future. He wants global recognition for the city’s robots. His robots already serve in Japan and Thailand, demonstrating the region’s industrial capabilities.
Since the 2022 launch of the Innovation and Technology Development Blueprint, Hong Kong has accelerated growth in high-tech sectors. This blueprint drives support for startups and encourages advanced manufacturing and artificial intelligence.
According to the latest InvestHK Startup Survey, the number of startups in 2024 rose by 10 percent from 2023. The sector also experienced a 7 percent increase in employment, further proving Hong Kong’s innovation network is thriving.
In 2024, the Hong Kong Microelectronics Research and Development Institute opened. The institute focuses on semiconductor research and helps local talent flourish in this strategic field.
February marked a major milestone with the launch of HKGAI V1, the city’s first generative AI model. That same month, officials announced plans to enhance Cyberport’s AI Supercomputing Center. These moves signal strong growth in AI capabilities.
March brought more progress with the completion of essential facilities at the Hong Kong Park in the Hetao Cooperation Zone. This park is central to bridging regulatory differences between Hong Kong and Shenzhen. It now hosts more than 440 companies and 15,000 researchers.
Lau, founder of a Shenzhen semiconductor company, praised the proximity of Hong Kong and Shenzhen. His staff easily travel between labs within 30 minutes, enabling faster results.
Q.Y. Ma of Time Medical highlighted Hong Kong’s gateway role. His MRI machines are built in Tai Po and shipped globally, showcasing the city’s export strength.
Sun Dong, the Innovation Secretary, said Hong Kong’s global links and free port status make it ideal for mainland firms aiming to expand abroad.
Through robust policies, international partnerships, and cutting-edge projects, the Hong Kong innovation network is rapidly evolving into a powerful global force.
