Innovative technology in China has made a spurt of progress in
recent years. Due to positive state policies, governance of
corporate culture and talent cultivation, China's global
position in this sector has become increasingly important,
particularly in the domains of hi-tech products and a space program
where results have been impressive.
As a significant pivot between China and the rest of the world,
Hong Kong is leveraging the vast resources and population of its
motherland. Further, state policies strongly support the
development of scientific technology of Hong Kong – the
Framework Agreement on Hong Kong/Guangdong Co-operation and the
establishment of the Shenzhen/Hong Kong Innovation Circle are among
the key indicators. The 14th Five-Year Plan of China affirms that
exploration of scientific development shall be given top priority,
and emphasises the core values of the Guangdong-Hong Kong-Macao
Greater Bay Area (GBA) as an international innovation
