Why Lam is confident that HK will become an innovation and technology hub

The Lam emphasised the government's $130b various projects for I&T development.

Chief Executive Carrie Lam expressed confidence that Hong Kong will eventually become an international innovation and technology (I&T) hub, as she bared anew the government's past and future plans on developing the sector.

Amongst these efforts was the launching of the first-ever City I&T Grand Challenge, whose award presentation ceremony was attended by Lam.

The challenge, ​​organised by the Innovation and Technology Commission with the Hong Kong Science and Technology Parks Corporation, was participated by over 1,250 local and non-local innovators who developed I&T solutions on environmental sustainability and social connectivity.

Lam, in her remarks, also noted other government initiatives to develop I&T including the adoption of the eight-pronged approach in the past four years, allocating $130 billion for various projects.
 
Becoming an international I&T hub would complement HK’s position as a global financial centre, Lam said.

In her policy address, the Chief Executive mentioned I&T projects such as the additional 150 hectares of land in the Northern Metropolis plan for I&T use, development of the San Tin Technopole and establishment of the InnoLife Healthtech Hub.