BURMIE: In the context of innovative and technology sector, what Hong Kong can do in promoting "new quality productive forces" to enhance high quality development of the Country and Hong Kong?

Prof. Wong: You actually put out a term. What is very hot in the two session this year, which they translated as are new quality productivity forces. According the report says, what they really want is that we should make good use of innovation. And when we said innovation, it includes innovation and technology, innovation in policy, innovation in methods and everything. Then by using this innovation, what you want to do is to increase or enhance the quality. And when we set quality, there are different aspects, including the engineering aspects, including the precision aspect, including the ESG aspect, different aspects. And then the third part of it is actually the productivity part. And that productivity part is mostly concerned about manufacturing production. Then it boils down to what we have always been saying is advanced manufacturing.  

I would say, using innovation techniques, in order to improve the quality for production or for manufacturing. More importantly, in the report, it says that we really hope that in different places or even different cities, they should make good use of their own ability of their own ability and resources when they said that.

Back in the day in 2015. But in November, when we actually launched our Innovation and Technology Bureau, we are already working in that area, focusing on AI, and but AI and robotics, and then life and medical sciences. These are the areas that we have been focused on. I think that Hong Kong is already going that way.  

The way that we thought about it was Hong Kong is a good place for innovation technology, for research because of the universities. We do the 0 to 1, as they said. And then we'll bring the one to the Greater Bay Area to Shenzhen, to Guangzhou, for trial, for proof of concepts

BURMIE: The development of "AI+" is of paramount importance in boosting digital economy.  What Hong Kong should do or can do to promote digital economic cluster in the Greater Bay Area?

AI plus. This ‘plus’ is about applications, about business. So when they said plus, it actually AI plus would be what we call the force in promoting the innovative quality productivity.

And in the innovation, quality productivity. Definition in the report, it says that the ‘plus’ he application should be specialized or should be determined by the expertise of the place itself when you want to apply AI. Don’t just for the sake of apply AI and AI. You should think seriously about what your area or what your region is offering.

I think from Hong Kong, point of view, incorporating or integrating with the Greater Bay Area. I think internationalization is something that we are good at. Finance is something that we should push.

When you do business, you may think a little bit even further or broader, not only in the mainland market, but probably you want to go international as well. So for those companies who really want to go international that they can come back again to Hong Kong for financing. And that's what we are good at it. Hong Kong can contribute in the whole ecosystem in the upstream side and the very downstream side, the research and new technology side. As so, as the financing side.