Hong Kong sets 5-year plan to double innovation spending, boost new industries
- Posted on September 16, 2026
- By South China Morning Post
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- 1 min read
Hong Kong's ambitious five-year strategic initiative aims to accelerate innovation-driven economic growth by substantially increasing research and development investments. The comprehensive roadmap encompasses 22 critical objectives spanning technological advancement, economic diversification, employment opportunities, and sustainable environmental practices. This forward-looking plan prioritizes five essential development sectors, positioning Hong Kong as a regional innovation hub while strengthening its competitive advantage in emerging industries and digital transformation.
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