“In last year’s Budget, I reserved $10 billion for supporting I&T development. This year, I will set aside an additional $50 billion.” Paul Chan, Financial Secretary HKSAR
“To shine in the fierce I&T race amidst keen competition, Hong Kong must optimise its resources by focusing on developing its areas of strength, namely biotechnology, artificial intelligence, smart city and financial technologies (Fintech), and forge ahead according to the eight major directions set out by the Chief Executive. In order to achieve results, our targeted efforts must be underpinned by adequate resources. In last year’s Budget, I reserved $10 billion for supporting I&T development. This year, I will set aside an additional $50 billion.”