HK Financial Secretary to Visit Israel

Donald Tsang, financial secretary of the Hong Kong Special Administrative Region (SAR), will visit Israel as a guest of the Israeli Government between May 25-30 to gain first-hand knowledge on the country's success in the development of innovation and technology.

"To enhance Hong Kong's competitiveness in an increasingly technology-driven world economy, we must harness the power of innovation and technology. I understand that Israel has been known as 'Silicon Valley II' in recent years, with sharply defined policies towards scientific and technological activities. The insights gained from the visit will be helpful in the formulation and implementation of our own innovation and technology policy," the financial secretary said.

Tsang will attend a seminar and a briefing session organized by Israel's Office of the Chief Scientist of the Ministry of Industry and Trade, to learn about how the Israeli Government provides assistance and support for business development.

He will also take part in a round-table discussion on the development of high-tech industries in Israel, in addition to visits to some successful companies.



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