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Hong Kong’s “Re-industrialisation”

A gist of the blog:

Manufacturing has a solid foundation in Hong Kong. Hong Kong enjoys close proximity to the vast Mainland market and has been the gateway connecting China and the international markets. Our excellent technology infrastructure, telecommunication network as well as strong service industries offer manufacturers integrated support across the value chain. We should capitalise on these edges, and seize the opportunities arising from the new wave of innovation and technology and the development of the Guangdong-Hong Kong-Macao Bay Area, with a view to supporting the upgrade and transformation of Hong Kong’s manufacturing sector.

The Government in recent years has been promoting “re-industrialisation” along four major fronts, namely, provision of infrastructure, financial support, technological support, and nurturing of talent. Our goal is to develop high value-added and less land-intensive manufacturing industries. The Advanced Manufacturing Centre in the Tseung Kwan O Industrial Estate is expected to be completed in 2022. Apart from the space reserved for manufacturing procedures, the Centre will also offer space and facilities supporting research and development (R&D), logistics, prototyping and design for tenants who are adopting advanced manufacturing technologies.

Enhancing Hong Kong’s R&D capability is the key to re-industrialization. I visited some time ago the five R&D canters established by the Government, to understand more about the application of their R&D results on various fronts. The development of I&T will bring benefits to different sectors and industries. While we endeavor to re-build the “Made in Hong Kong” brand, we should leverage on advanced research and technologies in integrating manufacturing industries into our knowledge-based economy, thereby sustaining high value-added and diversified economic development.

August 19, 2018