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Building Block 2 –
Embracing New Economic Opportunities and Challenges

To embrace economic challenges and to tap new opportunities to prosper, we need to be
responsive to global megatrends, regional dynamics and development of the Greater Bay

Area (GBA), to move our key industries up the value chain, and to diversify our economic
base. To this end, we have to provide adequate land supply at strategic locations for
different economic activities.

In order to achieve the above, we propose to adopt the following strategic directions:

¾ creating capacity for sustaining economic growth and broadening the economic base;

¾ fostering an enabling environment for innovation and technology development and
creating a new momentum for economic growth;

¾ providing a conducive environment for enhancing and optimising human capital; and

¾ enhancing Hong Kong’s position as a multi-modal transportation hub where people,
goods and ideas converge and hence a global and regional nodal point for doing
business.

Data Centres Smart Factories
Modern Industrial Innovation and
Estates Technology Parks

Higher
Education
Institutions
$
Industry 4.0 Business
Premises for
Banking and
Talent Homes Capital/ Financial
Investment Services, and
(e.g. Incubators & Advanced
Human Capital Innovation and Accelerators) Producer
Technology Services
STEAM Centres Ecosystem

Research and Innovation
Development Culture
Proof of Concept Networking Space
Testbeds

Co-working Space
Research Laboratories

Innovation and Technology Ecosystem
Innovation and Technology Industry
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