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Budget Speech

Innovation and Technology Development

52. Continuous promotion of I&T development is an important strategy to foster a more vibrant and diversified economy.  The 14th Five‑Year Plan supports Hong Kong's development into an international I&T hub.  Apart from fostering economic growth and job creation, I&T development can also promote re‑industrialisation and enhance the competitiveness of our manufacturing sector as well as enable digital transformation across various trades.  The current‑term Government has invested over $130 billion in I&T development, which has seen results trending up gradually in recent years.  I will allocate additional resources in the Budget to keep reinforcing the entire value chain and the I&T ecosystem.



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