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Promoting Hong Kong’s Night Markets and the Development of Innovation and Technology

© Reuters. Chen Maobo: In the short term, Hong Kong’s night markets must be invigorated and prosperous. In the medium and long term, we must promote the development of innovation and technology

Zhitong Finance APP learned that on August 13, Chen Maobo, Financial Secretary of the Hong Kong Special Administrative Region Government, published an essay by the director. It mentioned that although the number of tourists visiting Hong Kong is recovering rapidly, Hong Kong still needs to continuously improve its competitiveness and attractiveness. The consumption habits of mainland tourists have changed, and the proportion of tourists who use shopping as the main purpose of visiting Hong Kong has dropped compared to before the epidemic. In the short term, the Hong Kong government will also work with the industry to revitalize the night market in Hong Kong, better consolidate various economic links in the recovery, and maintain the momentum of recovery. In the medium and long term, the development of innovation and technology should become one of the important engines to promote the high-quality development of Hong Kong’s economy.

Chen Maobo said that in recent years, various economies around the world are striving to develop the digital economy to promote growth, and artificial intelligence is an important part of it. A research report by an investment bank pointed out that artificial intelligence can empower industrial upgrading, increase global GDP by 7% and increase productivity by 1.5% within 10 years. my country’s artificial intelligence industry ecology is also booming. According to the calculation of China Academy of Information and Communications Technology, the scale of China’s artificial intelligence core industry will reach 508 billion yuan in 2022.

He believes that to promote the development of the artificial intelligence industry, data, computing power and algorithms are the three core elements. In terms of data, Hong Kong is establishing the unique advantage of dual convergence of mainland and international data, providing important raw materials for the development of artificial intelligence. In terms of computing power infrastructure, the consulting study on the construction of an artificial intelligence supercomputing center and related operating models was launched in May and will be completed within this year. In terms of improving algorithm capabilities, in addition to continuing to cultivate local innovation and technology companies, it is also stepping up efforts to attract key innovation and technology companies to settle in Hong Kong or expand the scale of their operations in Hong Kong.

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2023-08-13 08:20:00

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