Editorial | Hong Kong need not wait to help Chinese space ambitions take off
As a leading hub for finance and law, the city has the ‘right stuff’ to be proactive in drawing up solid action plans for the space economy
NewSpace is an emerging industry where private firms are involved with satellite manufacturing, launch services, space law, tourism and other ventures concentrated in low Earth orbit. Next-generation 6G communications is but one example.
Last month, the Chief Executive’s Policy Unit hosted a high-level round table on the space economy, inviting academics, investors and experts from the mainland and overseas to discuss strategic positioning and opportunities in a global space economy.
The unit said the city has a landmark opportunity as Beijing taps “explosive industrial expansion” through its 15th five-year plan, aiming to cement China’s status as a “major space power”. Chief Executive John Lee Ka-chiu highlighted the sector and Hong Kong’s advantages in his policy address last year.