Chen Maobo: Hong Kong has strong basic research capabilities and enjoys priority access to the mainland market

The Zhitong Finance App learned that Hong Kong's Financial Secretary Chen Maobo said in his speech at the Asia Technology Transformation Summit 2025 that Hong Kong will become the world's leading financial and innovation center. Hong Kong has strong basic research capabilities. It also has the advantages of one country, two systems, and enjoys priority access to the mainland market. At the same time, it adheres to common law and the best international commercial standards, including intellectual property protection and the free circulation of talents, assets, and data. He also said that capital is an important factor in the development of innovation and technology. Hong Kong has advantages in this regard, including providing assistance for companies to raise capital through IPO listings. Last year, Hong Kong's IPO amount reached 11 billion US dollars, ranking 4th in the world. It is expected that the amount of new shares raised will reach 17 billion to 20 billion US dollars this year.

Chen Maobo said that cities in the Greater Bay Area have complementary advantages and are strong regions for innovation and technology; the northern metropolitan area has 300 hectares of land reserved for innovation and technology development, and many strategic technology companies will settle in; and the Hetao area of Shenzhen and Hong Kong will become a testing ground for innovation policies. Hong Kong's innovation and technology ecosystem is growing rapidly. Over the past few years, the government has invested heavily in innovative technology and formulated comprehensive strategies to accelerate the development of the entire field. From supporting research and commercializing research results, to cultivating start-ups, attracting strategic enterprises, and promoting advanced manufacturing, Hong Kong's technology ecosystem is expanding from upstream to downstream. Looking forward to the future, artificial intelligence is rapidly reshaping production, business, and consumption models, promoting the upgrading of traditional industries, and creating new industries.