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Hong Kong Invests HK$220 Million in AI Innovation Centre

4/17/2026

Summary

Story summary

Authorities will secure HK$220 million from the private-sector for a national innovation centre in Yuen Long InnoPark, part of a HK$440 million investment to promote artificial intelligence development.
Financial Secretary Paul Chan Mo-po announced February's plan to promote artificial intelligence development.
The Innovation, Technology and Industry Bureau says the centre will focus on semiconductors for electric vehicles and aerospace equipment and must pass a formal evaluation to receive national designation.

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Story summary

Authorities will secure HK$220 million from the private-sector for a national innovation centre in Yuen Long InnoPark, part of a HK$440 million investment to promote artificial intelligence development.
Financial Secretary Paul Chan Mo-po announced February's plan to promote artificial intelligence development.
The Innovation, Technology and Industry Bureau says the centre will focus on semiconductors for electric vehicles and aerospace equipment and must pass a formal evaluation to receive national designation.