Digital economy “a key driver” for HK growth: FS Chan

Secretary Chan also believes digitalisation will diversify the economy

The digital economy is a key driver for Hong Kong’s growth and development in the coming years, according to Finance Secretary Paul Chan.

In a public radio broadcast, Secretary Chan said that digitalisation is an important tool that can enhance the competitiveness of the different sectors in the city and transform their business model to make it work within the evolving digital economy.

He also added that digitalisation would help Hong Kong diversify its economy and provide new jobs for its citizens.

“To offer better job opportunities and upward mobility to our people, we do think that we have to diversify our industry. What we need is not just diversification but also the quality of this development. So, innovation and technology is the way to go,” Secretary Chan said.

The Finance Secretary also emphasized the importance of promoting and developing a green economy for Hong Kong’s sustainable development and believed that the city is in a good position as its companies and startups are focused on smart living.