Zhitong Finance App learned that on October 28, the Secretary for Innovation, Technology and Industry of Hong Kong, Sun Dong, said in writing in response to questions from members of the Legislative Council that innovation and technological development are the driving force for the upgrading and transformation of traditional industries. Hong Kong will continue to support R&D institutions through the “Innovation and Technology Fund” to carry out R&D and technology transfer projects covering advanced manufacturing, new energy, life and health, new materials, big data, artificial intelligence IoT, robotics, smart transportation, environmental technology, etc., to promote the upgrading and transformation of traditional dominant industries (including the textile and garment industry).

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