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Innovation, Technology Fit in Well with HK's Competitiveness
Innovation and technology fit in well with Hong Kong's competitive and entrepreneurial spirit and Hong Kong has seen mushrooming of IT start-ups over the last year, said Tung Chee Hwa, chief executive of the Hong Kong Special Administrative Region (SAR).
These IT start-ups demonstrate that Hong Kong has not only the potential and strength but also the real capability to commercialize innovation and technology and bring it to the world market, said Tung when he addressed the opening ceremony of the Symposium on Commercialization of Innovation and Technology Monday.
"It is in this commercialization of innovation and technology that I see great potential for synergy between Hong Kong and the mainland," he said.
"Synergy means not only the combination of different technologies to add value, it also means the combination of business strengths and advantages and building partnerships to make ourselves more competitive," he explained.
He said Hong Kong has a superb infrastructure including the telecommunication networks, the airport, the port and the close contact with the rest of the world.
"Our entrenched position as a leading business hub in Asia is one of our other great strengths," he noted.
The mainland, in turn, has a huge pool of talents, he said, adding that many world class universities and research institutes which provide fertile ground for new ideas and concepts.
He highlighted the "one country, two systems" principle, which helps to maintain Hong Kong's respective strengths and advantages.
It provides a solid basis for Hong Kong to build synergy with the mainland to open up the unbounded opportunities brought by innovation and technology, he added.
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