Hong Kong Financial Secretary Paul Chan Mo-po said in a statement that promoting the development of innovation and technology is a key task that the government is stepping up its efforts to do. The country's "14th Five-Year Plan" clearly gives Hong Kong the positioning and mission of building an international innovation and technology center. Using innovation and technology to promote industrial upgrading, transformation and diversified development is the only way for Hong Kong to move towards high-quality development. At the same time, it also helps the country accelerate the realization of high-level scientific and technological self-reliance and speed up the realization of Chinese-style modernization. Developing innovation and technology is a core issue for Hong Kong's future development.
Chan Mo-po said that Cyberport's technology ecosystem is also growing rapidly, with more than 1,900 companies, the total financing of start-ups exceeding 35.7 billion yuan, and more than 480 intellectual property projects. One of the companies in the Cyberport community became the second virtual asset trading platform in Hong Kong to be licensed by the Securities and Futures Commission last year. On the other hand, the "Budget" has allocated 50 million yuan for Cyberport to accelerate the development of the third-generation Internet Web3.0 with blockchain as the underlying technology. Cyberport has accumulated more than 150 related companies settled in the past year, which is believed to bring more innovation in research and development and application for this development.