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Hong Kong Innovation, Technology and Industry Bureau and the Cyberspace Administration of China sign a cooperation memorandum, covering fields such as AI, cross-border data, and blockchain
On April 13, the Innovation, Technology and Industry Bureau of the Government of the Hong Kong Special Administrative Region announced that it had signed a “Cooperation Memorandum on Innovation and Technology Development” with the Cyberspace Administration of China, aiming to promote high-quality development of the digital economy enabled by technological innovation.
The cooperation memorandum covers key areas including artificial intelligence, cross-border data, and blockchain. The objective of this memorandum is to fully implement the national “15th Five-Year Plan,” support Hong Kong in building an international innovation and technology center, and promote the development of a new real economy led primarily by technological innovation.