Photo by Ruslan Bardash from Unsplash

Hong Kong unveils strategy to boost digital economy

The strategy includes the “iAM Smart" business version launch.

The Digital Economy Development Committee unveiled 12 core recommendations across five major pillars to boost Hong Kong’s digital economy and propel global economic growth.

The first pillar focuses on strengthening the overall digital policy of Hong Kong with the establishment of the Digital Policy Office this year. 

Second is the strengthening of Hong Kong’s digital infrastructure by enhancing the use and coverage of 5G networks, building data centres, and rolling out the business version of “iAM Smart."

Third is facilitating local and cross-border data flow by extending the coverage of the Commercial Data Interchange (CDI), followed by expediting digital transformation with a focus on SMEs.

Lastly, the committee seeks to develop a sustainable talent strategy to attract and retain digital talents via enhanced education and training.

In 2023, Mainland China’s digital economy surpassed $55t (CNY50t), making up over 40% of the country's total GDP.

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