Edward Yau Tang-wah: Hong Kong will establish AI+ and the Industrial Development Strategy Committee.

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan Mo-po, today presented the government's financial budget for the fiscal year 2026 to 2027. Chan Mo-po stated that as AI applications are rapidly driving industrial innovation, new technologies, industries, and products are emerging rapidly. He will establish and chair the "AI+ Industrial Development Strategy Committee" to develop strategies for AI-driven industrial transformation and development, create favorable conditions, and invite experts, scholars, enterprises, and park companies to participate. In the initial stage, the focus will be on life health and body intelligence.