Author Archives: hksar gov

Remarks by SITI at media session

     Following are the remarks by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at a media session after attending the Donation Ceremony of Ng Teng Fong Charitable Foundation and Sino Group in Support of AI Development in Hong Kong today (March 10):

Reporter: On the $200 million donation, could you elaborate on what specifically they will be used on? We heard about how it will be used for a continuous development of HKGAI or you said it would be used for “港話通” for example. Is that a translation thing? What would that be used for if it’s a mobile application? How is that different to a search engine if it is used on medical context? That sort of questions on specific uses. The second question is on previously you said there will be guidelines on applications and development of AI. Do you have a more concrete timeline? Thank you.
 
Secretary for Innovation, Technology and Industry: Thank you for this question. I think this donation will mainly support InnoHK Centre to establish a market-driven platform to provide service to Hong Kong citizens. This money will be mainly used for establishing a platform such as manpower, as well as computing power support, because when you try to run a service system to the general public, you must have enough resources to support its platform, including human power and computing power as well. I think this is the main purpose of this donation. I believe, I also hope, that the new mobile version of the large language model of HKGAI will serve Hong Kong people as soon as possible, hopefully in the next several months. The service can go into the market. Thank you.

(Please also refer to the Chinese portion of the remarks.) read more

Hong Kong FinTech Week x StartmeupHK Festival 2025 converge to celebrate 10 years of scaling innovation for evolving world

     Invest Hong Kong (InvestHK) announced today (March 10) an exciting milestone for its two flagship events, the Hong Kong Fintech Week and the StartmeupHK Festival. Both events will celebrate their 10th anniversary in 2025 and will be converged and held from November 3 to 7 at the Hong Kong Convention and Exhibition Centre and multiple venues across Hong Kong.
      
     The convergence of the two events will create an expanded platform dedicated to all facets of technology and business impact. It underscores Hong Kong’s dedication to the digital economy by tapping into its strengths as a top international financial centre and a thriving start-up hub. Last year, the number of start-ups in Hong Kong grew by 10 per cent, with fintech being the biggest sector, featuring over 600 start-ups. The joint event will expedite innovation and foster growth in the region.
      
     The Director-General of Investment Promotion at InvestHK, Ms Alpha Lau, said, “This celebration will mark a decade of innovation and create a powerhouse event that leverages tech convergence to elevate the economic impact and standing as an iconic symbol of the city’s future development. Today, Hong Kong finds itself in the right place at the right time – poised to lead in the adoption and development of frontier technologies. Please stay tuned and join us at this premier platform to witness these groundbreaking moments firsthand.”
      
Fintech & beyond
      
     As technology becomes ubiquitous across financial services and different sectors, the joint event will unveil a seamless integration of cutting-edge technologies such as artificial intelligence, blockchain, greentech and healthtech within the globally acclaimed financial services sector and beyond. The event will offer an expansive canvas for innovation and collaboration, elevating the competitiveness of financial institutions and propelling them into the future.
      
Start-up superhighway
      
     Start-ups will embark on a journey where they will enjoy unparalleled access to a wealth of resources on a unified platform. From mentors to diverse funding opportunities and extensive market exposure across the expansive tech ecosystem, this platform serves as fertile ground for nurturing groundbreaking ventures and showcasing emerging success stories.
      
Stakeholder synergy and amplifying impact
      
     By uniting fintech experts, tech entrepreneurs, a wide array of investors, strategic companies, small and medium enterprises, financial institutions, and policymakers, this event cultivates cross-sector dialogue. It creates a robust platform that optimises resources and maximises business impact for all participants. This synergistic environment catalyses innovation and collaboration, unlocking new opportunities for all stakeholders.
      
     Get ready for a transformative experience that will shape the future of technology and finance. For more details, please visit www.fintechweek.hk or www.startmeup.hk and follow via official social media accounts: 

LinkedIn: Hong Kong FinTech Week; StartmeupHK;
YouTube: www.youtube.com/c/HongKongFinTechWeek;
Facebook: Startmeup.HK read more