Govt Needs To Boost HK In Tech Race: Holden Chow

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2018-05-27 HKT 10:33

Share this story

facebook

  • DAB lawmaker Holden Chow says the government needs to do more to help Hong Kong become a technology and innovation hub. File photo: RTHK

    DAB lawmaker Holden Chow says the government needs to do more to help Hong Kong become a technology and innovation hub. File photo: RTHK

DAB lawmaker Holden Chow says Hong Kong is lagging behind other cities in innovation and technology because of a reluctance from government to coordinate and accommodate work.

Speaking on RTHK's Letter to Hong Kong, Chow noted that talented local researchers had relocated to Dongguan because mainland authorities could not only provide them with financial resources, but also help facilitate their research.

He said in Hong Kong, there is no incentive for bureaucrats to take up new challenges, as major mistakes could kill careers.

"But the future of Hong Long in this regard might not look bleak," Chow said.

"Hong Kong indeed has (an) advantage due to our renowned rule of law and our robust legal systems in protecting intellectual property rights."

If Hong Kong could make full use of these advantages and had genuine support from the government, the SAR could still attract international talent and technology institutions, Chow said.

He said President Xi Jinping had also pledged to support Hong Kong, with the aim of transforming the SAR into a global innovation and technology hub.

RECENT NEWS

Plantos Agentic AI CFO Takes Aim At The SME Lending Gap

Planto, a leading financial technology company specialising in AI-driven banking solutions, officially unveiled its whi... Read more

Hong Kong And Indonesia Explore QR Payment Interoperability

Hong Kong and Indonesia are exploring QR payment interoperability between the two markets. The Hong Kong Monetary Autho... Read more

Who Raises The Alarm, If Synthetic Identity Fraud Has No Victim?

Synthetic identity fraud is one of the fastest-growing fraud types globally, where fraudsters fabricate a person who ne... Read more

SFC Hong Kong Strategic Action Plan Backs Citys Five-Year Plan

Hong Kong’s Securities and Futures Commission (SFC) has unveiled a strategic action plan. It supports the city’s Fi... Read more

Tencent Launches TenPayGo Payment App For Travellers In China

Tencent has launched TenPayGo, a payment app for overseas visitors to mainland China. ITHome (IT之家) reported that i... Read more

Deutsche Bank Deploys Agentic AI To Help Trace Client Wealth For KYC

Deutsche Bank Private Bank has launched an agentic AI tool to support Source of Wealth checks, part of its Know Your Cu... Read more