In the Media

Hong Kong has long been successful in its four pillar industries, comprising trading and logistics, financial services, professional and producer services and tourism. According to the research by the HK government, they contributed close to 60% of Gross Domestic Product (GDP) and almost half of the total employment before COVID. However, all these four pillars have encountered the decline in their respective area – resulting from the rapid change in market need & user behavior, regional and global competition, the development in new value-chain and advanced technology, as well as geo-political environment. As a solution, ‘innovation’ has been introduced to address these pain-points of Hong Kong. The question to ask, how should we develop the innovation strategies – instead of coming up ideas for the sake of ‘innovation’? In this article, we will discuss how innovation strategy could be approached from the perspective of poverty alleviation to Web3 industry development – two topics sound not-related, but their common ground might give us the insight on how we could find the development path of Hong Kong.

關稅豪賭  只有輸家 國際貨幣基金組織在上月發表的《世界經濟展望》，將全球經濟增長預測從今年 1 月的 3.3% 顯著調低至 2.8%。報告指出，中國和印度將成為推動全球經濟增長的主要動力，預計未來5年貢獻比例分別為 23%和超過15%；而美國因其關稅政策的不確定性，對全球經濟的貢獻率遭下調至 11.3%。