Shulou(Shulou.com)06/02 Report--

Produced by big data Digest

Source: Xinhua News Agency, Hong Kong economy

In the artificial intelligence competition, Hong Kong is catching up.

The Financial Secretary of Hong Kong, Mr Paul Chan, said in the 2020 Budget delivered by the Special Administrative region Legislative Council that the SAR Government would set aside HK $16 billion for the construction or renovation of campus facilities by universities funded by the University Grants Committee.

In the five years from this year, the SAR government has also allocated no less than 800 million Hong Kong dollars to designated university technology transfer offices, university science and technology start-up funding schemes, state key laboratories, and so on.

In addition, increased funding for senior high schools is also included in the budget.

In order to deepen students' understanding of artificial intelligence, cloud computing and big data, more than 500 middle schools have received HK $1 million in financial aid each.

Starting from high school, the training of Hong Kong's technical leaders is part of this HK $4.5 billion budget plan. Chen Maobo said that he would spend HK $500 million in the next three years to implement the IT Science and Technology Innovation Lab project in secondary schools.

Hong Kong Science Park, Sha Tin, New Territories, Hong Kong

He said: "this government spares no effort to promote the development of information technology." without materials, bricks cannot be made. in order to attract scientific and technological talents and promote the development of high-tech enterprises, we need high-quality infrastructure. "

In general, the Government will allocate HK $16 billion for government-funded universities to build ancillary campus facilities, such as research laboratories. In addition, the Research Fund has injected HK $20 billion to support research and development in public universities.

This will attract more high-quality technology companies and start-ups to set up offices in Hong Kong. This provides a way for young people to join the technology industry. "

In addition, in order to encourage local industries to adopt advanced technology, Mr Chan proposed to inject HK $2 billion into the Innovation and Technology Fund. The move will help manufacturers lay out smart production industries in Hong Kong, such as microelectronics.

Support for initiatives to develop high-end products will help Hong Kong complete its transformation and reduce the economy's dependence on the service industry. After all, Hong Kong has a strong potential for technology transfer.

In the next few months, the Government will actively seek funding approval from the Legislative Council, which is expected to be implemented in the second half of the year.

Last year, the Government allocated HK $10 billion to subsidize world-renowned research institutions to carry out biotechnology, artificial intelligence and research development.

According to the media, Harvard University, Stanford University and British University College in the United States, as well as Imperial College London and University College London have all expressed interest in participating in the project. At present, there are nearly 40 applications, and the first batch of approved institutions can set up research centres in Hong Kong in the second half of this year.

Related reports:

Https://www.scmp.com/news/hong-kong/hong-kong-economy/article/2187966/hong-kong-spend-hk45-billion-grooming-next-leaders

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