Technology & Innovation

Hong Kong showcased its innovation and technology (I&T) strengths at three fairs last week, including the first-ever InnoEX co-organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), held concurrently with the Hong Kong Electronics Fair (Spring Edition) and Hong Kong International Lighting Fair (Spring Edition).

Generative artificial intelligence has been much in the news and businesses continue to explore its potential and applications. Google Cloud strategy consultant Michael Yung – who has more than 30 years’ experience in the IT field, particularly in the Internet, e-commerce and travel technology sectors – believes generative AI and other AI technologies that can help small and medium-sized enterprises (SMEs), especially B2B firms.

Moving into its 14th edition, Entrepreneur Day (E-Day) will be held in a hybrid format in 2022 to engage participants from all over the world. Under the “Balance Beyond the Boom” theme, this year’s E-Day will explore the development of an international start-up ecosystem in the wake of the start-up boom, helping new enterprises tap into global markets and the Guangdong-Hong Kong-Macao Greater Bay Area and Regional Comprehensive Economic Partnership member regions in particular.

As the world recovers from the COVID-19 pandemic, most small and medium-sized enterprises (SMEs) in Hong Kong need to rethink their operations to adapt to the new normal – and many are choosing to digitally transform their business.

Innovation was front and centre in the maiden Policy Address of Hong Kong Special Administrative Region Chief Executive John Lee on Wednesday. The innovation and technology (I&T) concept ran through many of the moves Mr Lee plans for the city, ranging from expanding Hong Kong’s role as a renminbi trading centre and fintech hub to becoming a magnet for technological talent. Fintech plans include laying the groundwork for a digital Hong Kong dollar.

A consumer shift towards cultural activities is boosting licensing opportunities in Hong Kong, with the city continuing to develop as a hub for intellectual property (IP)-related businesses.