Policy Address

(B) Attract and Develop Industries

59. The Government attaches great importance to fostering high value-added advanced manufacturing using I&T, and promoting new industrialisation. With the sustained growth in the output of new industries, the Government will step up its efforts to nurture emerging industries locally and attract those from outside Hong Kong, promoting the diversified development of our economy.

Attract an Aircraft Recycling Enterprise and Train Relevant Talents

60. The Government has reached an agreement of intent with a leading European aeronautic services company to operate in Hong Kong. The company will provide aircraft dismantling, as well as recycling and trading services of high-value parts. This will drive the development of industries such as trading, insurance, financing and leasing, creating new job opportunities through the sector's value chain. The company will also collaborate with the Hong Kong International Aviation Academy to provide talent training in relevant professions, which will in turn consolidate Hong Kong's status as an international aviation hub.

Promote the Development of the Life and Health Technology Industry

61. Hong Kong's life and health technology research is flourishing, underpinned by a mature system connecting the Government and the industry, as well as the academic, research and investment sectors. It aligns with the rise of innovative drugs through home-grown research and development (R&D) in our country and expands into international markets through patent licensing, delivering substantial economic and strategic opportunities for Hong Kong.