Hong Kong aims to raise innovation spending to 3% of GDP by about 2030
- Posted on September 16, 2026
- By South China Morning Post
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- 1 min read
In brief
Hong Kong's Chief Executive John Lee has announced a strategic initiative to significantly increase research and development investments, targeting 3% of GDP allocation by 2030. This forward-looking commitment aims to position the territory as a global innovation hub by strengthening frontier technology sectors, particularly aerospace research and advanced scientific initiatives. The government's comprehensive roadmap reflects its determination to foster entrepreneurship, attract international talent, and establish competitive advantages in emerging markets.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Hong Kong aims to raise innovation spending to 3% of GDP by about 2030
Chief Executive John Lee unveils ambitious goal, together with measures to boost frontier technologies, including aerospace research.
