Financial Secretary Paul Chan began his visit to the US by meeting a government official as well as the management of Microsoft Corporation and a video game technology institute in Seattle.

 

Mr Chan met Senior Deputy Mayor of Seattle Michael Fong to discuss the promotion of innovation and technology (I&T) and smart city initiatives and gave him a update on the latest transport infrastructure in Hong Kong and the Guangdong-Hong Kong-Macao Greater Bay Area development plan.

      

Noting that Seattle is one of the US’ high-tech hubs with a fast-growing startup community, Mr Chan said he would visit several I&T enterprises there to tap into the country's successful experience.

      

He also noted the Hong Kong Special Administrative Region Government spares no effort in developing I&T with a focus on biotechnology, artificial intelligence, smart city and fintech.

 

The HKSAR Government has allocated sufficient resources with a commitment of over $100 billion in this aspect, he added.

      

Mr Chan then visited the DigiPen Institute of Technology that offers the world’s first bachelor's degree on video game development and nurtures talents for developing 3D games and simulation software.

      

Noting that Hong Kong is determined to develop creative industries and e-sports, he welcomed DigiPen to offer programmes in Hong Kong in collaboration with local tertiary institutes.

      

Mr Chan also met the management of Microsoft for an update on the latest AI developments and the company’s measures in promoting research and development and I&T education in Hong Kong.

      

He expressed hope Microsoft will continue to work with different Hong Kong sectors in boosting I&T development and startups as well as promoting the development of an international I&T hub in the Guangdong-Hong Kong-Macao Greater Bay Area with Hong Kong's advantages.

      

Mr Chan also attended a gala reception and dinner to mark the launch of direct flights between Hong Kong and Seattle.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more