The Way Forward for Industries
63. From the perspective of industries, Hong Kong has huge development potential in areas including financial services, I&T, green economy, air cargo, supply chain management and professional services. Financial services are an important support to the real economy. On top of being a leading asset and wealth management centre, Hong Kong is also an international fundraising platform, an insurance and risk management centre and an offshore RMB hub. Our financial services can assist Mainland enterprises in raising funds, and provide outlets and risk management for Mainland funds, as well as facilitating the Mainland's ongoing financial liberalisation in a secure and orderly manner in support of the development of our country's real economy. We must continue to strengthen Hong Kong's leading position in the global financial market.
64. Hong Kong enjoys a number of advantages in I&T development, such as top-notch capabilities in basic scientific research, intellectual property rights protection, attractiveness to research talents from all over the world and first‑class financial support services. In recent years, the Government has allocated substantial resources and implemented a number of preferential policies, and been blessed with our country's support. As long as we can leverage our advantages and achieve co‑ordinated development with our brother cities that have advanced manufacturing industries in the GBA, we can form an I&T upstream, midstream and downstream industrial chain and develop the GBA into an international I&T centre, thus contributing to our country's technological self‑reliance and at the same time identifying new areas of growth for Hong Kong's economy.
65. Nowadays, when everyone is striving to live a quality life, decarbonisation, waste reduction, building of a green environment and a sustainable city, etc. have become a social consensus. The international community, including our country and the European Union, have set achieving carbon neutrality as an important development goal. A significant synergy effect can be generated between green economy and other industries such as the I&T and financial sectors. Our robust green and sustainable financial services can contribute to the development of green economy in the Mainland and Hong Kong.
66. Hong Kong is a world-class logistics and supply chain management centre. With a well‑established network of air routes, a highly efficient airport as well as simple and fast customs clearance procedures, Hong Kong's air cargo transport sector plays a leading role in the world. We will strive to enhance our intermodal transportation services in the future, with a view to increasing the global accessibility of the GBA. This will facilitate not only the exports of goods from the GBA to overseas markets, but also the imports of quality products from around the world to the Mainland, meeting the increasing consumer demands there. Technology is reshaping the interplay between the supply of goods and the demand of consumers, and the prospects for our high-end logistics and supply chain management services are bright.
67. As our country seeks to achieve high‑quality development, the demand for various types of professional services such as legal, accounting, construction and project management services is on the rise. These areas are where our strengths lie. Hong Kong's professionals can provide services in a market full of opportunities, and also promote the alignment of industry standards in the Mainland with those of the international community.
68. Apart from the above industries, there is also a growing demand for inclusion of cultural and creative elements in the cyber world. I will allocate additional resources to promote the development of cultural and creative industries, so that young people can have more employment and business start-up opportunities for unleashing their potential and realising their dreams.
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