ASTRI Fully Supports the Innovation and Technology Policies Outlined in the 2023 Policy Address, Driving Hong Kong’s Development into an International I&T Centre

[Hong Kong, 25 October 2023] The Hong Kong Applied Science and Technology Research Institute (ASTRI) welcomes the forward-looking policies outlined in the Chief Executive’s 2023 Policy Address, and is pleased to see the comprehensive policies on innovation and technology (I&T) development in various aspects of people’s livelihood, the society and the economy. The policies will accelerate the transformation of research and development (R&D) outcomes into successful applications, and formulate clear policies and development blueprint in this area, helping Hong Kong become a smarter international I&T centre.

ASTRI Chairman Ir Sunny Lee stated that ASTRI is dedicated to deepening collaboration with the Mainland and overseas, and that our country has been the strongest support for Hong Kong’s I&T development. He said: “As mentioned in the Policy Address that the ‘Northern Metropolis’ will become the new engine for Hong Kong’s future growth, ASTRI will soon establish our Shenzhen Headquarters at the Shenzhen branch of the Hong Kong Science Park. I believe that with closer cooperation between Hong Kong and Shenzhen, both places will be able to deepen and broaden their efforts in the commercial application of technological achievements, thereby assisting local and Mainland enterprises in unleashing their potential and expanding to the ‘Belt and Road’ and international markets.”

Dr Denis Yip, Chief Executive Officer of ASTRI, stated that I&T provides key impetus for high-quality development. He said, “I am pleased that the Government attaches great importance to the I&T development. The Policy Address has put forward further implementation of the ‘Hong Kong I&T Development Blueprint’, including promoting new industrialisation, facilitating the R&D of microelectronics, expediting the establishment of a supercomputing centre, and supporting the transformation of R&D outcomes from start-ups. ASTRI has been closely collaborating with various government departments and small and medium-sized enterprises to promote technological innovation and application. Looking ahead, we will fully support the Government in advancing the development of digital government, driving digital-based development, and fostering Hong Kong’s development into an international I&T centre. We will continue to conduct in-depth R&D in areas such as artificial intelligence, data analytics, blockchain technology, and promote cross-border data flow, with a view to contributing to Hong Kong’s development into a smart city.”

ASTRI remains committed to advancing Hong Kong’s vision of becoming an international I&T centre. Through collaborative efforts with the Government, industry, academia, and research institutes, ASTRI will continue to drive progress in six core areas: Smart City, Financial Technologies, New Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits, and Metaverse. Simultaneously, ASTRI will actively cultivate a skilled talent pool for the field of I&T, strengthen the I&T ecosystem, foster greater integration of Hong Kong within national development, and serve as a bridge connecting the Mainland and the global community.