Hong Kong Core strategy

Benchmark Drilldown · Updated 2026-05-04

Innovation & Technology Development Blueprint

First full-spectrum tech development plan, covering AI, biotech, fintech and other areas

Year
2022
Region
Hong Kong
Type
Strategy / policy document

Detail

Promulgated by ITIB on 22 December 2022, the Innovation and Technology Development Blueprint is Hong Kong's first complete I&T roadmap. It names AI and data science one of four priority industries (the others: life and health tech, advanced manufacturing and new energy, fintech). The Blueprint's mechanism is "government spend + Greater Bay Area collaboration + university research commercialisation", with long-term targets such as R&D spend reaching 2% of GDP by 2032. Assessment: the Blueprint is a macro-guidance document, not a sector-specific milestone or budget plan — substantive AI movement only materialised with AICP and AIRDI in 2024-25. Its execution leverage depends heavily on subsequent annual budgets to top up resources, so as a standalone strategy its force is limited.

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Data note

Curated benchmark drilldown profile, last updated 2026-05-04.