Hong Kong's newly appointed innovation and technology minister, Nicholas Yang Wei-hsiung, recently announced that his bureau will look at re-industrialising the city to create job opportunities for Hong Kongers.
"We will be developing new economies to let the people, especially young people, have more job opportunities," Yang said at a media briefing on 20 November 2015. "We should seize opportunities under re-industrialisation and 'the Internet of Things' to propel smart production, to find out what kind of industries can be developed using Hong Kong as the base. This will create quality and diverse job opportunities."
Besides the re-industrialisation effort, the bureau will also look into areas including collaboration with top research organisations around the world, setting up private funds and angel funds to encourage new businesses, and developing Hong Kong into a smart city.
Before being appointed as Hong Kong's Secretary for Innovation and Technology, Yang was once the executive vice president of Polytechnic University and Cyberport's CEO. He holds a master's in electric engineering and a master's in business administration from Standford University.
Commenting on the new minister, Chief Executive Leung Chun-ying said, "Yang has provided me with constructive advice on development strategy, with a focus on how Hong Kong can make the best use of our advantages of 'one country' and 'two systems' and how we can strengthen co-ordination between the government, industry, academia and research sectors."
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