Financial Secretary Paul Chan said on Wednesday (Nov. 8) that innovation and technology are the core engines of Hong Kong's economic growth.
He claimed that despite geopolitical difficulties, there are still a ton of investment opportunities in the territory in the keynote speech he gave at the Global Financial Leaders' Investment Summit.
Chan said the SAR continues to attract talent and nurture startups to drive innovation and technology.
"Our government has been the biggest investor in this area, investing over HK$200 billion to build, consolidate, and enrich the innovation and technology ecosystem in recent years," he said.
"Despite the challenges we face not least the geopolitical situation, the innovation and technology ecosystem in HK has grown more vibrant with exciting achievements in nurturing startups, attracting enterprises and talents, and realizing the transformation of R&D outcomes."
Chan also noted that HK is at the forefront of green and sustainable finance.
"We have a vibrant green-tech landscape with strong basic research and entrepreneurial spirit. We are already home to hundreds of green-tech companies. Some of which are already selling their solutions across different parts of the world," he said.
"With the respective strengths of HK and sister cities in the Greater Bay Area, we will rise as an international green tech and green finance center, creating a complete financial and industry chain that will drive global green transition," he added.
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