Sun Dong: Hong Kong's traditional advantageous industries are gradually upgrading and transforming, while strategic emerging industries are accelerating their development and growth.

Zhitong Finance APP has learned that on October 28, when the Secretary for Innovation, Technology and Industry of Hong Kong, Sun Dong, replied in writing to a question from a Legislative Council member, he said that innovation and technology development are the driving force for promoting the upgrading and transformation of traditional industries. Hong Kong will continue to support various research and development institutions through the "Innovation and Technology Fund" in carrying out R&D and technology transfer projects covering areas such as advanced manufacturing, new energy, life and health, new materials, big data, artificial intelligence of things, robotics, smart transportation, and environmental protection technology, so as to promote the upgrading and transformation of traditional advantageous industries (including the textiles and clothing industry).