Hong Kong plans to boost innovation investment 2026-2030

The Hong Kong government is committed to increasing investment in innovation between 2026 and 2030, aiming to raise local expenditure to 3% of GDP after 2030, up from 1.63% in 2024. It also seeks to boost the added value of the manufacturing sector and related industries to 5.5% of GDP after 2030, compared to 3.8% in 2024. Additionally, the plan anticipates a 40-50% rise in the value added by the tourism sector, reaching HKD 126 billion by 2030, while maintaining a reasonable growth rate in GDP.

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