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BackHong Kong needs ‘forward-looking’ plans amid changes in industrial chains: John Lee
Hong Kong needs ‘forward-looking’ plans amid changes in industrial chains: John Lee
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SCMP Economy24 minutes agoBusiness1 min readChina

Hong Kong needs ‘forward-looking’ plans amid changes in industrial chains: John Lee

hong kongjohn leeeconomy

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Hong Kong Chief Executive John Lee Ka-chiu stated at an economic forum in Shanghai that the city must implement forward-looking strategies amid global industrial chain restructuring and rapid AI advancement.

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Why It Matters

Hong Kong's GoGlobal task force was established last year to help mainland Chinese firms expand.

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Hong Kong should proactively plan and implement forward-looking strategies amid rapid changes in global industrial chains and the rapid development of technology and artificial intelligence, the city’s leader has said at an economic forum.

Speaking at the Hongqiao International Economic Forum in Shanghai, Chief Executive John Lee Ka-chiu said on Thursday that the government’s GoGlobal task force had helped more than 360 mainland Chinese firms establish or expand their businesses in Hong Kong since it was established last year, with about a third of them setting up regional or international headquarters.

“Faced with the severe, rapidly changing restructuring of the global industrial chain, and the high-speed development of technology and artificial intelligence, Hong Kong must proactively plan and implement forward-looking strategic layouts,” Lee said at the forum, which is taking place alongside the ninth China International Import Expo in Shanghai.

Open Questions

  • What specific forward-looking strategies will the Hong Kong government implement?

Related Topics

hong kong
PeopleJohn Lee Ka-chiu
OrganizationsGoGlobal task forceHongqiao International Economic ForumChina International Import Expo
PlacesHong KongShanghai
Topicsjohn leeeconomyartificial intelligenceglobal industrial chainsshanghai
This article was originally published by SCMP Economy.

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