Gov’t launches new economic activities domain

The domain will support manufacturing and new industrialization-related industries.

The government outlined a new statistical domain of economic activities to support the manufacturing and new industrialisation-related industries which grew 7.6% year-on-year (YoY) in 2023.

The domain was devised by the Innovation, Technology & Industry Bureau (ITIB) and the Census & Statistics Department (C&SD).

To reflect the economic performance of these new industries, C&SD has also defined the corresponding statistical coverage based on the existing framework of the Hong Kong Standard Industrial Classification Version 2.0.

The economic activities involved in the process of manufacturing and production include product design, technological development, data services and software development, testing and certification, and professional and technical services.

Secretary for Innovation, Technology, and Industry Professor Sun Dong said Hong Kong is undergoing an economic transition and needs clear data to guide policy and resource allocation.

“To effectively guide social resources towards supporting and encouraging the upgrading and transformation of the traditional manufacturing industry,...we must specifically identify a range of economic activities to be covered, and from time to time conduct reviews along with the ever-changing technological and innovative landscape and the development of emerging industries,” he said.

C&SD said it will continue to work with the ITIB and other stakeholders to review and update the statistical framework in line with technological and industrial developments.