Hong Kong’s third phase as a superconnector requires tech innovation

Tensions between the West and China offer Hong Kong the opportunity to become a hub for scientific research

To do this, it must cultivate a diverse talent pool, preserve its historical openness and foster an environment that encourages disruptive thinking

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Ningrong Liu

Ningrong Liu is a professor in globalisation and business at the City University of Hong Kong.

Published: 9:30am, 6 Apr 2024Updated: 10:36am, 6 Apr 2024

With the passing of the Article 23 national security legislation, Hong Kong finds itself at a critical juncture, desperately needing to revive its economy. However, the path forward requires more than just economic reforms.

The job demands a complete transformation of mindset and the attraction of fresh talent. Hong Kong must embrace change and encourage innovation if it hopes to thrive in the face of adversity.

Hong Kong’s success story from the late 1970s onwards is closely intertwined with China’s reform and opening up. Hong Kong has played a pivotal role in this process in the past four decades, demonstrating its ability to seize opportunities with courage and adaptability. The city prospered by bridging the gap between mainland China and the rest of the world.

This important role has evolved in three distinct stages. In the first phase, Hong Kong established itself as an information hub, providing valuable trade and product information that helped mainland China understand global market needs.