The Legislative Council resumed its session today (19th) to discuss and pass the motion "Formulate a comprehensive industrial blueprint to promote the development of Hong Kong's industry" moved by Mr. Chan Cho-hang, a member of the textile and garment industry. The industrial development is lagging behind, and the government is urged to speed up the relevant procedures.
Ye Liu Shuyi of the New Democratic Party pointed out that Hong Kong's manufacturing industry once had a glorious history, but with the country's reform and opening up and the industry's northward shift, Hong Kong's manufacturing industry has transformed.
She criticized former chief executive Donald Tsang for de-industrialization during his tenure, saying that his focus on business services was short-sighted, and that Hong Kong's industry and I&T lost its golden decade.
She pointed out that in recent years, the government has followed the pace of the country and invested heavily in innovation and technology. It is a good trend to cooperate with Shenzhen through the development of the Greater Bay Area. large scale study.
Legislative Council passes motion to urge government to formulate blueprint for industrial development
Rong Haien, also a member of the New Democracy Party, said that the national "14th Five-Year Plan" insists on promoting development through innovation, and supports Hong Kong in building an international innovation and technology center. Promoting re-industrialization will enable Hong Kong's innovation and technology to develop and integrate into the overall national development.
Citing data from the Productivity Council's "Reindustrialization Study of Hong Kong" at the end of last year, she pointed out that many foreign companies are willing to use Hong Kong as their main market, and more than half of the companies have indicated that they plan to move their production lines back and expand to Hong Kong, reflecting that Hong Kong has attracted companies There is potential for development, but the problem of lack of land in Hong Kong must be solved, and efforts must be made to increase I&T land and land approval procedures to consolidate Hong Kong's position in scientific research and intellectual property.
Chen Jianbo: Long-term imbalance of economic structure
Chen Jianbo, a member of the insurance industry, pointed out that Hong Kong's economic structure has been in an unbalanced state for a long time, and the economic foundation is not stable enough.
He said that previous governments have been committed to developing emerging industries, but various obstacles have resulted in limited development. The current government proposed to develop high-end innovation and technology industries, which does not require a lot of land and labor, and focuses on scientific research, international markets, intellectual property logistics, and taxation. There are advantages in these aspects, and there is no need to keep all the processes in Hong Kong.
Hong Kong can act as the coordination and logistics center for I&T companies, and be responsible for production processes such as scientific research, market development and automation. Processes that require land and manpower can be left to factories in the Greater Bay Area.
Xue Yongheng: Intensifying efforts to re-industrialization has reserved 350 hectares of innovation and technology land
Chen Baili, Deputy Secretary for Commerce and Economic Development, responded that attracting foreign capital and talents to settle in Hong Kong is crucial to Hong Kong's economic development.
In 2022-2023, the government will increase the recurrent funding of HK$90 million in phases to strengthen the work of Invest Hong Kong, strengthen Hong Kong's investment network in the Mainland and overseas, and introduce talents. At the same time, it will actively cultivate local design talents and increase efforts to assist Hong Kong. businessmen to develop domestic market.
The Secretary for Innovation and Technology, Xue Yongheng, said that the contribution of innovation and technology and re-industrialization to Hong Kong's economy is very extensive, and it is difficult to comprehensively measure it with a single number. We will intensify efforts to promote re-industrialization. Reserve 350 hectares of land for I&T development.
Former Chief Executive Donald Tsang.
(file picture)
The Hang Seng Index opened low and closed high. Industrial stocks, I&T, rose nearly 6%; Xinyi Solar rose nearly 4%; the government submitted a new mechanism for civil servant selection and appointment. Or set the output value target Li Jiachao meets with the five major chambers of commerce, Zha Yichao, hopes to increase the investment in innovation and technology, and promotes the "re-industrialization" of Hong Kong to clear customs with the mainland first.
Industrial villages become "innovation parks" to promote re-industrialization, bring together the achievements of science and technology enterprises, practice innovative manufacturing