Promoting the development of emerging technology and innovation can be done through Hong Kong attaining industrial diversification and advancing current technologies. This would help provide future generations with technology and innovation-related entrepreneurship and employment opportunities, and in the long run creating the capacity for the accomplishment of social upward mobility.
Moreover, Hong Kong has an imminent need to attract large overseas technology companies to set up research centers in Hong Kong, in order to enhance its innovative ecosystem and nurture local technological entrepreneurial talent.
To solve the talent shortage issue, this is essential to find a solution for local social issues such as universal retirement protection and creating a favorable environment to upskill local senior research talent.