Hong Kong has launched a sweeping initiative to embed artificial intelligence (AI) across all sectors of its economy, as Financial Secretary Paul Chan announced the creation of a high-level committee to drive industrial transformation during his 2026-27 budget address.
The newly established Committee on AI+ and Industry Development Strategy, chaired by Chan, will unite experts, academics, and corporate leaders to develop implementation roadmaps. Initial priorities include advancing life and health technologies alongside embodied AI systems capable of physical interaction.
"Our vision extends beyond commercial applications," Chan stated. "We aim for every resident to eventually utilize AI tools in their daily lives and workplaces." The strategy aligns with Hong Kong's broader push to cement its status as an international innovation hub.
Industry analysts highlight the move's timing, noting increasing competition from Singapore and Shenzhen in emerging technologies. The committee's first recommendations are expected by Q3 2026, with pilot programs targeting healthcare diagnostics and smart manufacturing.
