Hong Kong Business News

Chief Executive John Lee and Minister of Industry & Information Technology Jin Zhuanglong today witnessed the signing of the Co-operation Agreement on the Development of New Quality Productive Forces & the Promotion of New Industrialisation between the Hong Kong Special Administrative Region Government and the Ministry of Industry & Information Technology (MIIT) in Beijing.

Secretary for Innovation, Technology & Industry Prof Sun Dong and Vice Minister of Industry & Information Technology Xiong Jijun represented Hong Kong and the Mainland respectively, in signing the co-operation agreement.

The agreement aimed to support Hong Kong in developing new quality productive forces and promoting new industrialisation according to local conditions.

It also strengthened exchanges between the two sides in the fields of industry and information technology, promoting co-operation and joint development in industries where both places have clear advantages.

Mr Lee said the Hong Kong SAR Government actively develops new quality productive forces, promotes new industrialisation, and fosters better integration into the national system of industry and innovation.

“The signing of the co-operation agreement between the Hong Kong SAR Government and the MIIT today signifies the importance of our efforts to integrate into the national development.

“The Hong Kong SAR Government will collaborate with the MIIT to further advance innovation, technology and industry, injecting new impetus into economic development and making greater contribution to the comprehensive promotion of Chinese modernisation to build a great country and achieve national rejuvenation.”

Before the signing ceremony, both sides updated each other on the latest policy initiatives for developing new quality productive forces and promoting new industrialisation.

They also exchanged views on areas for strengthened co-operation and discussed how the two places could promote the development of innovation and technology while integrating into the overall national development.

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