Government launches public consultation for 2026 Policy Address

Source: Hong Kong Government special administrative region

Government launches public consultation for 2026 Policy Address 
     During the consultation period, the Chief Executive and the Principal Officials will, as always, attend a number of online and face-to-face consultation sessions, and will also engage the community to extensively gather the views from all walks of life, including industry representatives, district organisations, political parties and members of the public.Issued at HKT 20:32

NNNN

Government posts resumption notices for second batch of land under phase 1 development of San Tin Technopole

Source: Hong Kong Government special administrative region – 4

     The Lands Department (LandsD) today (June 25) posted resumption notices in accordance with section 4 of the Lands Resumption Ordinance (Chapter 124) for the second batch of land under phase 1 development of San Tin Technopole (STT).

The second batch of land involves 278 private lots with an area of about 117 hectares. The land will revert to the Government upon the expiry of a period of three months from the date of affixing the notices (i.e. September 26, 2026).

The above-mentioned land reversion date is not the departure deadlines for the affected households and business undertakings. The LandsD will post notices in relevant areas about three months before the departure deadlines for the affected parties. According to the project programme, the affected parties are required to depart in batches. It is estimated that the affected households and business undertakings will have to move out between the end of 2026 and the first half of 2027. The LandsD and its appointed Community Liaison Service Team will continue to closely liaise with the affected parties to handle the compensation and rehousing matters.

 The STT, with an area of about 540 hectares, will be developed in two phases, with phase 1 development of about 365 hectares. The works are subdivided into stages, with stage 1 works commenced in end 2024. The land resumption notices for the first batch of land under phase 1 development of STT were posted on July 10, 2025, involving about 62 hectares of land. The said land reverted to the Government on October 11, 2025, and is gradually being handed over to the Civil Engineering and Development Department for site formation and engineering infrastructure works. 

Upon full development, the STT will provide about 50 000 residential flats, accommodating a new population of about 150 000. According to the estimates in the Conceptual Outline of the Development Plan for the Innovation and Technology Industry in the San Tin Technopole published by the Innovation, Technology and Industry Bureau in November 2025, the STT, upon its full operation, is expected to provide over 300 000 relevant full-time jobs (including direct, indirect and induced employment) for the Hong Kong economy as a whole. The first batch of population intake under phase 1 development will commence progressively from 2031 onwards.

Chief Executive welcomes enterprises to develop in Hong Kong as InvestHK attracts over $53 billion in first half of 2026

Source: Hong Kong Government special administrative region

Chief Executive welcomes enterprises to develop in Hong Kong as InvestHK attracts over $53 billion in first half of 2026 (with photos/videos)      
     Speaking at the reception, Mr Lee said that under the “one country, two systems” principle, Hong Kong possesses the distinctive advantages of enjoying strong support from the country and being closely connected to the world. The city offers an open and business-friendly environment, a simple and low tax regime, and a common law system that seamlessly connects with global financial centres. The city’s talent pool is biliterate and trilingual, while its professional services rank among the world’s finest. Hong Kong’s robust strengths and immense opportunities are reflected in its rising international rankings as well as in its exceptional achievements in attracting strategic investment and enterprises..  
      
     InvestHK thanked its clients, partners and stakeholders for their strong support and confidence. In the face of the complex and ever-changing global environment, and under the leadership of the Commerce and Economic Development Bureau, InvestHK will continue to stay agile and proactive. The department will strengthen its investment promotion efforts through various preferential policies, capitalising on the opportunities in the Northern Metropolis to attract more strategic industry clusters to set up and contribute to Hong Kong’s high-quality economic development.
  
Impressive results in the first half of the year with clients coming from around the world
      
     At the reception, InvestHK also announced its investment promotion results for the first half of this year. From January to date, the department has assisted 413 overseas and Mainland enterprises in setting up or expanding their businesses in Hong Kong, which is expected to bring in over $53 billion in foreign direct investment for Hong Kong, up 36 per cent year on year, and to create more than 8 600 new jobs.
      
     In terms of place of origin, among the 413 enterprises, 60 per cent came from the Mainland, making it the largest single source, with other major sources spanning various markets, including Europe, Asia and beyond. The top six places of origin are:
 

Place of origin     By sector, the top five sectors are:
 

Sector     These sectors span the key areas of Hong Kong’s strategic economic development. For example, the innovation and technology (I&T) sector can be deeply integrated with the development of the Northern Metropolis; the financial services and the business and professional services sectors can meet the high value-added service demand arising from Hong Kong recently becoming the world’s largest cross-border wealth management centre; the growth of the tourism and hospitality sector benefits from the rising number of visitor arrivals and the thriving exhibition industry; while the transport, logistics and industrials sector benefits from the rapid development of advanced logistics and the gold and commodity trading industries, as well as the steady expansion of the London Metal Exchange’s warehousing business in Hong Kong.
      
     Closely aligned with the focus of the National 15th Five-Year Plan and the Policy Address, InvestHK will focus on attracting I&T and new economy enterprises to Hong Kong, including those engaged in AI, life and health, and sustainable development; deepen the strategic deployment of “Finance+” to inject new capital from the financial services and fintech sectors into the Hong Kong market; and deepen its global investment promotion layout, accelerating efforts to attract Mainland enterprises to use Hong Kong as a springboard to go global, while cultivating mature markets in Europe and the Americas and exploring emerging markets along the Belt and Road, building on the fruitful outcomes of the Chief Executive’s visit to Central Asia earlier this month.
Issued at HKT 19:25

NNNN

FS visits Xi’an

Source: Hong Kong Information Services

Financial Secretary Paul Chan completed his itinerary in Dalian this morning and at noon proceeded to Xi’an, where he called on CPC Xi’an Municipal Committee Secretary Hao Huijie and Xi’an Mayor Ye Niuping to discuss  strengthening co-operation between Hong Kong and Xi’an.

Upon arriving in the city, Mr Chan visited Xi’an Jiaotong University (XJTU). He met CPC XJTU Committee Secretary Wu Guosheng, and held a symposium with innovation and technology enterprises there. He elaborated on Hong Kong’s business environment, and its financial and innovation and technology ecosystems.

In a speech to about 400 teachers, students and alumni of the university, he commented that Hong Kong and Xi’an can work together to transform hard technology achievements into products and services for the global market.

Mr Chan highlighted that Xi’an has outstanding research strengths in areas of hard technology such as aerospace, artificial intelligence, new energy and new materials. He said these cutting-edge technologies can fully unleash their value only by “identifying the right scenarios and the right applications”.

To become effective productive forces, he added, such technologies require capital, market validation and internationalisation, all of which Hong Kong can give crucial support on.

Mr Chan encouraged students to regard Hong Kong as one of the barometers of the global market, actively enter the intersection of “finance + technology”, and make good use of Hong Kong’s positioning as an international financial centre and an international innovation and technology centre.

Vice Chairman of the Shaanxi Provincial Committee of the Chinese People’s Political Consultative Conference Zhang Xiaoguang also took part in the visit programme at XJTU.

Before leaving Dalian in the morning, Mr Chan attended day events on day three of the “Annual Meeting of the New Champions 2026”.

The Financial Secretary spoke at a session organised by Hong Kong Exchanges & Clearing Limited, and highlighted that Hong Kong is accelerating its formation of a green technology ecosystem.

He said that over 300 internationally competitive green technology enterprises have established a presence at Hong Kong Science Park and Cyberport.

InvestHK attracts over $53b

Source: Hong Kong Information Services

Invest Hong Kong said it has assisted 413 overseas and Mainland enterprises in setting up or expanding their business in Hong Kong in the first half of 2026, and expects these to bring in over $53 billion in foreign direct investment.

InvestHK today hosted its annual welcome reception for international and Mainland businesses, thanking them for their trust and confidence in Hong Kong’s business environment. It announced its investment promotion results for the first half of this year at the event.

Officiating at the reception, Chief Executive John Lee said Hong Kong’s rising international rankings, together with its strong performance in attracting investment and enterprises, reflect the city’s robust advantages and immense opportunities.

“In the first half of this year, we welcomed 413 companies establishing or expanding their operations in Hong Kong – a year on year increase of some 10%.

“Together, they are expected to bring in over $53 billion in foreign direct investment and also create more than 8,600 new jobs.”

The Chief Executive added that Hong Kong is expediting development of the Northern Metropolis, which will unlock abundant opportunities and shape a prosperous future for the city.

InvestHK revealed that among the 413 overseas and Mainland enterprises it assisted in setting up or expanding in Hong Kong, about 60% came from the Chinese Mainland, while the rest spanned various markets across Europe and Asia.

The top five sectors included innovation and technology, financial services, and transport and logistics.

The reception drew more than 380 guests from global enterprises. Representatives from global logistics and financial technology firms expressed enthusiasm about what Hong Kong continues to offer.

“We do intend to expand and that may well be in the Northern Metropolis as well,” said Nina Barton, Director of Sustainability for Asia Pacific at a logistics company. “We are looking at the first Hong Kong five-year plan, which is obviously going through at the moment, how much of a pivotal role logistics takes in that.

“We want to continue to focus on Hong Kong as an aviation club, and the development within the GBA (Greater Bay Area), which will help from a customer’s perspective as well, help trade to be much smoother between Hong Kong and the GBA region.” 

Sean Abbott, Director of APAC Banking & Infrastructure at a financial technology company, said: “We are very much keen to continue to see initiatives that encourage Chinese businesses, or anywhere in the world really, to come to Hong Kong, set up shop, and use it as a base to do business internationally.

“We will be here to help them get paid basically without having to go to every country and every place in the world and open up a bank account and figure out how to do that or use the traditional rails where it is expensive and slow.

“And then things like the Stable Coin Initiative, ideas like that that are kind of pushing the envelope a bit and really encouraging innovation in the economy.”

Policy Address consultation to launch

Source: Hong Kong Information Services

The Government will launch a public consultation for the 2026 Policy Address next Monday.

 

Chief Executive John Lee said: “I strive to lead my team to drive reforms by adopting a result-oriented approach, focusing on actions and delivery of results, and ensuring that policy measures are effectively implemented.

 

“My team and I have always been listening to the views from different sectors, driving economic growth, improving people’s livelihood, with the aim to enable the public to share the benefits of development and enhance their well-being.”

 

He highlighted that the Government is pressing ahead at full speed with the formulation of Hong Kong’s first five-year plan, explaining that as a forward-looking, strategic and directional guiding document, it will map out Hong Kong’s economic and social development over the coming five years.

 

Mr Lee said the Policy Address will set out the Chief Executive’s annual policy agenda, establish a number of specific targets in response to the plan’s requirements and directions, report on the progress of policy implementation, and introduce measures suited to the city’s actual situation. The Government will also strive for a vibrant economy and pursue development to enhance public well-being.

 

The Chief Executive added that Hong Kong will continue to leverage the unique advantages of having strong support of the motherland and being closely connected to the world under the “one country, two systems” principle, consolidate and enhance the city’s status as an international financial, shipping and trading centre, accelerate its development as an international innovation and technology centre, and build an international hub for high-calibre talent, thereby seizing opportunities brought by the National 15th Five-Year Plan, and better integrating into and serving national development overall.

 

“I invite you all to share your views on the 2026 Policy Address,” he added. “My team and I will listen to and consider your views carefully. We look forward to receiving your suggestions. Let’s work together to write a brighter chapter for Hong Kong.”

 

During the consultation period, the Chief Executive and principal officials will attend a number of online and face-to-face consultation sessions, and will also engage with the community extensively to gather views.

 

Starting from June 29, people can offer their views through the Policy Address website, via the dedicated Facebook page, by email, by phone on 2432 1899, by fax on 2537 9083, or by post to 26/F, West Wing, Central Government Offices, 2 Tim Mei Avenue, Tamar, Hong Kong.

San Tin land to be resumed

Source: Hong Kong Information Services

The Lands Department today posted land resumption notices for the second batch of Phase 1 of the San Tin Technopole (STT) development.

A total of 278 private lots, covering an area of about 117 hectares, will be resumed under the Lands Resumption Ordinance. The land will officially revert to the Government on September 26.

The department emphasised that it will maintain close liaison with all affected parties to properly handle compensation and rehousing matters.

The STT project (excluding the Loop) spans a total area of approximately 540 hectares and is being rolled out in two phases. Phase 1 will cover about 365 hectares and is further subdivided into two stages. Stage 1 spans about 158 hectares, while Stage 2 will cover about 207 hectares.

Land for the first batch of the Phase 1 development, measuring about 62 hectares, was reverted to the Government on October 11, 2025. This area is currently being handed over to the Civil Engineering & Development Department in phases for site formation and infrastructure works.

Upon its full completion, the STT will supply approximately 50,000 residential flats to accommodate a new population of more than 150,000. It is also expected to generate about 160,000 employment opportunities.

The first batch of residents, involving about 18,000 people under the Phase 1 Stage 1 development, will start moving in progressively from 2031.

Chai Wan Maternal and Child Health Centre, temporarily closed due to burst water pipe, will resume normal operations tomorrow

Source: Hong Kong Government special administrative region

Chai Wan Maternal and Child Health Centre, temporarily closed due to burst water pipe, will resume normal operations tomorrow 
     The MCHC has been closed since mid-May due to a burst water pipe in the building. During this period, all clients with appointments were arranged to receive necessary services at the nearby MCHC. Starting from tomorrow (June 26), clients with scheduled appointments can receive services at the specified time slot at the Chai Wan MCHC as usual. DH staff will also call to remind the relevant service users.  
 
     The Chai Wan MCHC, which operates on Tuesdays and Fridays, is located on Level 2 of the Government Office at Block 6, New Jade Garden, Chai Wan.
Issued at HKT 11:00

NNNN

Speech by CS at Opening Ceremony of Learning and Teaching Expo 2026 (English only)

Source: Hong Kong Government special administrative region – 4

     Following is the speech by the Chief Secretary for Administration, Mr Chan Kwok-ki, at the Opening Ceremony of Learning and Teaching Expo 2026 today (June 25):

Mr Armstrong Lee (Chairman of the Board of Directors of Hong Kong Education City), Dr David Wong (Chairman of the Education Commission), Dr Elizabeth Quat (Founder and Honorary President of the Smart City Consortium), Dr Winnie Tang (Founder and Honorary President of the Smart City Consortium), distinguished guests, ladies and gentlemen,

Good morning. It is a privilege to join you at the Opening Ceremony of the Learning and Teaching Expo 2026. On behalf of the Government of the Hong Kong Special Administrative Region (HKSAR), I extend a very warm welcome to our global community of educators, innovators, policymakers, and digital education stakeholders who have gathered here today.

The theme of this year’s event is “Reimagining Education: Human-Centric and Future-Ready”, it captures our ambition perfectly. It aligns with our vision to make Hong Kong a premier international innovation and technology hub.

This is not just an economic goal. This is about our future. AI and emerging technologies are changing our world at lightning speed. To stay competitive and to prosper, we must move boldly. And we are.

The Hong Kong SAR Government is taking action on many fronts. We are building world-class I&T infrastructure. We are providing strategic funding to support growth. And we are building strong global partnerships to bring in the best talent and opportunities.

While technology builds the future, education builds the people who live in it. Technology without talent is meaningless. And talent, as all of you here know very well, does not emerge overnight. It is nurtured patiently.

What we need is an education that can nurture future-ready learners — young people who can navigate the digital world, who can solve problems, and who can handle new technologies wisely and responsibly. Ultimately, when we reimagine what education means in the AI era, we are also laying the very foundation that will power Hong Kong’s future as a global technology hub.

That is why our strategy follows a powerful cycle. We grow technology through talent, we lead industries through technology, and we attract talent through industries. When education, technology, and talent move forward together, our city moves forward too — we build an unparalleled talent pool, we develop a richer knowledge reserve, and we strengthen our capabilities for scientific and technological innovation, lifting our competitiveness to new heights.

And I am pleased to let you know that our vision is already bearing fruit. Hong Kong now ranks third globally in “Technology” in the World Digital Competitiveness Ranking. The Shenzhen-Hong Kong-Guangzhou cluster remains the world’s number one innovation cluster in the 2025 Global Innovation Index.

In 2024, we set up the Committee on Education, Technology and Talents to bring these policies closer together. Many of the Committee’s key proposals were integrated into the 2025 Policy Address. And I am pleased to say we are already putting them into practice.

Universities and research institutions are the pillars of innovation. 5 universities in Hong Kong ranked among the world’s top 100, and we also have 4 of the world’s most internationalised universities. They conduct strong basic research, which serves as a crucial starting point for innovative scientific development.

To further consolidate our upstream strengths, our InnoHK Research Clusters initiative has attracted more than 30 top-notch universities and R&D institutes from 12 economies, bringing together some 3 000 outstanding I&T talents around the world to work side by side.

All these achievements hinge on one core asset — our people. And the expertise of our people starts with education. So the key question is: how do we equip our next generation for an age constantly reshaped by technology, especially AI? 

Our Education Bureau has worked closely with the Curriculum Development Council to answer that question. The result is the Blueprint for Digital Education Development in Primary and Secondary Schools — launched just last week. It is the product of countless professional conversations, with principals, with frontline teachers, with experts from our universities and our technology sector. It reflects our commitment to Hong Kong’s future.

And its heart is a simple yet powerful message: cultivating values through education, keeping our students as the foundation, and using technology as the support. And this is what the word “Human-centric” in this year’s Expo theme means to us in practice.

The Blueprint offers a clear roadmap for every school, every teacher, and every student to excel in the digital age — not by simply using more technology, but by using it wisely, ethically, and creatively. 

It focuses on four key areas: nurturing talents with both digital literacy and humanistic qualities; strengthening teacher training to drive digital transformation of education; optimising infrastructure to build smart campuses; and promoting cross-sector collaboration to co-create a digital education ecosystem.

In the short-to-medium term, we aim to achieve AI education for all students across all schools, progressively reaching the goal of comprehensively enhancing all students’ AI literacy.

To deliver this ambition, we need strong partners. Hong Kong Education City has firmly established itself as a premier digital learning hub, empowering our teachers and students with cutting-edge tools and high-quality educational content. It acts as the bridge that carries technology from policy into real practice.

Let me end where it all truly begins. The path to becoming a leading I&T hub is paved in our classrooms. When we invest in our teachers and when we empower our students with future-ready skills, we are building the foundation for a vibrant, innovative, and sustainable Hong Kong.

So to the teachers, the innovators and the officials with us this morning, the future you are helping to shape is already taking root right here, right now. I wish you all a rewarding and inspiring Expo. Thank you.

Keynote speech by SITI at China Business Summit 2026 in Auckland (English only)

Source: Hong Kong Government special administrative region

Keynote speech by SITI at China Business Summit 2026 in Auckland (English only) (with photo) 
Distinguished guests, ladies and gentlemen,
 
     
     We all see the currents reshaping the global landscape – shifting supply chains, diverging technology systems, and rising geopolitical tensions. These forces ripple every economy, large or small. Yet even amid complexities, innovation and technology (I&T) keep surging forward with remarkable momentum. International co-operation remains possible and powerful. This spirit of openness is exactly what Hong Kong seeks to uphold for global innovation, regional co-operation and shared progress.
 
Hong Kong’s transformation: from financial hub to I&T powerhouse
 
     For decades, Hong Kong has been recognised as one of the world’s leading financial centres – fast, efficient, and deeply international. That DNA remains at our core. But today, Hong Kong is writing a new chapter to emerge as one of the most dynamic international I&T centres. We are diversifying our economy to create shared prosperity in an era of geopolitical complexities.
 
     Hong Kong and New Zealand have long enjoyed close economic ties, people-to-people links, and a shared commitment to openness. Our Closer Economic Partnership Agreement signed in 2010, Hong Kong’s first free-trade agreement with a foreign economy, laid a strong foundation for bilateral trade and exchange. As both economies pursue greener, smarter and more connected futures, the potential for collaboration in I&T has never been greater.
 
Charting a new chapter: Hong Kong I&T blueprint
 
     I&T is the cornerstone of the current-term Hong Kong SAR (Special Administrative Region) Government. In December 2022, we promulgated the Hong Kong I&T Development Blueprint, setting out a long-term and comprehensive roadmap to build Hong Kong into an international I&T centre. This vision is fully supported by our motherland under the National 15th Five-Year Plan, which states in clear terms the development of Hong Kong into an international I&T centre.
 
     To this end, we anchor our I&T ecosystem around our local universities, three major I&T parks and five key R&D (research and development) institutions, creating a full pipeline from upstream research, to midstream technology transfer, to downstream industrial application and development. We have identified life and health technologies, AI and robotics, advanced manufacturing and new energy as strategic tech industries that will power Hong Kong’s future growth.
 
Talent: engine for a global convergence of R&D excellence
 
     Hong Kong is home to five universities ranked among the world’s top 100, backed by internationally acclaimed and award-winning experts, and a growing pool of global tech talent. This concentration of academic excellence gives Hong Kong solid R&D capability to drive scientific breakthroughs.
 
     Our flagship R&D initiative, InnoHK, brings together more than 3 000 international research talents and 30 leading universities and research institutes from 12 economies, including Oxford, Stanford, EPFL (École Polytechnique Fédérale de Lausanne). Alongside the 30 laboratories in health technologies, AI and robotics, we have recently established eight new labs focusing on sustainable development, energy, advanced manufacturing and materials – areas where New Zealand’s expertise in agritech, foodtech and greentech can create meaningful synergy. To further attract world-class talent, we also launched the Frontier Technology Research Support Scheme, enabling universities to recruit international top-notch scientific researchers to Hong Kong to spearhead basic research in frontier technologies. We warmly welcome scientists and researchers from New Zealand to join us on this journey and shape the next chapter of global innovation together.
 
Hetao and San Tin: world-class I&T infrastructure for the future
 
     Hong Kong is also building ambitious I&T infrastructure. The Hetao Hong Kong Park, opened last December, is designed to be a world-class I&T hub connecting the Chinese Mainland and the world. With seamless cross-border access, shared research facilities, joint laboratories, and preferential policies for global talent and enterprises, it is an ideal testing ground for innovation that blends Hong Kong’s R&D strength with the manufacturing power of nearby Shenzhen and the wider Greater Bay Area.
 
     As a natural extension of the Hetao, the San Tin Technopole will be Hong Kong’s flagship I&T industrial base, enabling prototyping, pilot production and mass production base. Together, Hetao Hong Kong Park and San Tin Technopole form a powerful bridge linking global tech talent and enterprises with the Greater Bay Area’s 88-million-strong market and comprehensive supply chain.
 
AI as the strategic priority for the future
 
     Like New Zealand, the Hong Kong SAR Government has identified AI as the core industry. We are building an ecosystem that supports “industries for AI and AI for industries”, echoing the national AI+ initiative.
 
     With three universities ranked among the world’s top 30 in data science and AI, Hong Kong has a strong foundation in AI research. The newly set up Hong Kong AI Research and Development Institute will spearhead and support Hong Kong’s innovative R&D as well as the industry application of AI. Meanwhile, the Sandy Ridge Data Facility Cluster, now under full-speed construction, will provide 180 000 PFLOPS (peta-floating point operations per second) of computing power by 2032, making Hong Kong an advanced data and computing hub in the region.
 
     In a world of rising technological uncertainty, the ability to develop core technologies is increasingly essential. Our Hong Kong Generative AI Research and Development Center, one of our InnoHK centres, had launched a series of generative AI applications built on a locally developed large language model, now upgraded with agentic AI capabilities.
 
New industrialisation: turning innovation to real economy
 
     Besides AI, Hong Kong is also accelerating the development of new industrialisation to strengthen our innovation-driven economy. The Hong Kong Microelectronics Research and Development Institute was set up in 2024, focusing on technologies related to the third-generation semiconductor. The pilot lines for R&D will commence operation this year to facilitate trial production and upgrading of industries.
 
     Technology aside, capital is crucial for industry development. To this end, we have deployed substantial policy and financial support, including three HK$10 billion initiatives, namely the Research, Academic and Industry Sectors One-plus Scheme to foster transformation of R&D outcomes; the New Industrialisation Acceleration Scheme to support the setup of smart production lines in Hong Kong; and the I&T Industry-Oriented Fund to encourage market capital to invest in strategic industries. Together, these represent roughly NZ$6.6 billion dedicated to driving Hong Kong’s I&T development.
 
     Our commitment to new industrialisation is further reinforced by a recent joint statement with the United Nations Industrial Development Organization to advance industrial development, innovation and digital transformation. We are actively exploring the joint development of a centre of excellence on global advanced manufacturing and AI in Hong Kong. Such collaboration positions Hong Kong as an active player in global industrial transformation. I warmly welcome New Zealand stakeholders to join us.
 
Hong Kong: A gateway to Asia’s innovation frontier
 
     The Asia-Pacific is the world’s most dynamic region for technological transformation. For New Zealand, deeper engagement with Asia’s innovation networks offers enormous opportunities to diversify markets, accelerate commercialisation, and connect with the world’s fastest‑growing I&T centres. Hong Kong plays a unique role in this process.
 
     As a highly open and free economy with a robust legal framework, simple and low tax regime, strong IP protection, ease of capital raising, and world-class logistics and infrastructure, Hong Kong offers a trusted, stable and predictable platform for international business and collaboration. I would also like to add that Hong Kong has been ranked the freest economy in the world for many years. Through Hong Kong, New Zealand companies can reach not only the Chinese Mainland, but also ASEAN (Association of Southeast Asian Nations) and the broader Asia-Pacific. This is why many overseas partners see Hong Kong as a strategic anchor in such an increasingly complex global landscape.
 
Global recognition: the proof is in the numbers
 
     Indeed, numbers speak louder than words. I am delighted to share with you all some global recognition of Hong Kong’s increasingly vibrant I&T ecosystem. In 2025, Hong Kong ranked fourth globally in the World Digital Competitiveness Ranking. Our start-up ecosystem has grown by 40 per cent in five years, reaching 5 200 start-ups and we have witnessed the birth of 20 unicorns. The Shenzhen-Hong Kong-Guangzhou innovation cluster is now ranked number one in the world by the World Intellectual Property Organisation – a testament to the power of cross-border I&T collaboration. And in the latest World Competitiveness Yearbook 2026 published last week, Hong Kong climbed one place to rank second among 70 economies, reaffirming the city’s enduring strengths as an open, competitive and globally connected economy.
 
Advancing together in a time of global competition
 
     As the global I&T race intensifies, standing still is not an option. As a Chinese saying reminds us, and also shared by Ambassador Wang (Ambassador of the People’s Republic of China to New Zealand, Mr Wang Xiaolong) just now, “逆水行舟,不進則退” – when rowing against the current, you must keep moving forward, or you will be pushed back. This captures Hong Kong’s determination to advance innovation with purpose and discipline.
 
     Progress in I&T is not a solo journey. The challenges we face – from climate change to health crisis to digital transformation – are shared challenges. Shared challenges require shared effort. Another Chinese proverb expresses this well: “同舟共濟” – when we are in the same boat, we must row together. This is the spirit with which Hong Kong approaches global I&T co-operation. Competition drives excellence, but co-operation creates impact. 
 
A shared future of innovation and opportunity
 
     Hong Kong and New Zealand may be separated by thousands of kilometres, but I am confident that we share a common belief in global I&T partnership. Hong Kong stands ready to be a trusted partner, a platform, and a bridge – between East and West, between research and industry, and between today’s challenges and tomorrow’s opportunities. Let us move forward together to build a better future for humankind where innovation is open, inclusive, and beneficial to all. Thank you.
Issued at HKT 8:45

NNNN