Speech by SITI at Laservall - "From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics"
Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Laservall -"From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics" event today (March 31):
Ms Lee (Korean Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong, Ms Jaeyon Lee), James (Chairman of Laservall, Mr James Kang), Andrew (Chief Executive Officer of Laservall, Mr Andrew Kim), Albert (Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation, Mr Albert Wong), distinguished guests, ladies and gentlemen,
Good morning. It is my pleasure to stand before you today to celebrate Laservall's global expansion in Hong Kong - a milestone that marks the company's distinctive success achieved in developing advanced high-precision laser inter-connect solutions and automation system for advanced manufacturing.
Founded in Hong Kong in 2003 and commencing its amazing journey at the Hong Kong Science Park in 2024, a cradle that nurtures thousands of innovation and technology (I&T) companies, Laservall has evolved into a world leader in the advanced manufacturing industry today. With its extensive clientele including some renowned global brands in the industry of smartphone camera modules, electronics and automotive, Laservall continues to expand its operations with R&D (research and development) centres and production facilities across Asia.
We are so excited to witness Laservall's success today, as advanced manufacturing has been a pivotal sector and significant power engine to drive the development of new industrialisation in Hong Kong.
Following the promulgation of the Hong Kong Innovation and Technology Development Blueprint in December 2022, the Hong Kong SAR Government has been actively promoting new industrialisation through supporting the advanced manufacturing industries and encouraging the upgrading and transformation of traditional manufacturing sector through the use of I&T, with the aim of driving sustainable economic growth and creating high-quality employment opportunities.
To bolster the development of new industrialisation, our Government has stepped up its efforts by implementing a series of supporting policies and measures. For example, the New Industrialisation Funding Scheme was enhanced to reinforce our efforts in supporting enterprises to adopt smart manufacturing. As of February 2025, the scheme had supported more than 100 new smart production lines. To extend our dedication, we launched the New Industrialisation Acceleration Scheme last year to provide funding support for enterprises engaging in industries of strategic importance. We will also earmark another $100 million for the Pilot Manufacturing and Production Line Upgrade Support Scheme to provide financial support to companies setting up smart production facilities in Hong Kong.
Today, Laservall announces its plan of investing $300 million over the next five years and doubling the size of R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company's commitment to innovation but also its unwavering confidence in Hong Kong's I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong's unique role as a "super-connector" and a "super value-adder" to strengthen its presence in the global market.
May I once again extend my sincere congratulations to Laservall for its outstanding I&T achievement. I am confident that we will soon witness more local companies, like Laservall, stepping onto the global I&T stage and demonstrating the remarkable outcomes of Hong Kong's R&D capabilities to the world in the near future. Thank you.
Speech by SITI at Laservall - "From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics" Source: HKSAR Government Press Releases
CE: Government to drive reform with new-term LegCo as election successfully concludes
The Chief Executive, Mr John Lee, made the following statement today (December 8) after the announcement of the results of the eighth Legislative Council (LegCo) General Election:
The eighth LegCo General Election has successfully concluded, with the election results for all 90 seats announced. On behalf of the Hong Kong Special Administrative Region (HKSAR) Government, I would like to extend my congratulations to all LegCo Members successfully returned. I also thank the 161 candidates from different sectors, professions and backgrounds, as well as all sectors of the community, for their active participation.
The smooth and successful conduct of the election at a time when the Hong Kong community is collectively facing a difficult period carries profound significance. It demonstrates electors' support for the Government's commitment to recovery and reform following the tragedy, and for electing capable and committed LegCo Members to drive institutional reform. It showcases the spirit of unity, mutual care and support among the people of Hong Kong.
The successful conclusion of the LegCo General Election as scheduled reflects our adherence to and respect for the constitutional order and the rule of law. The election was the second LegCo General Election held after the implementation of the principle of "patriots administering Hong Kong" and the improved electoral system. Candidates actively participated in 39 open election forums, engaging in a high-quality, high-standard and healthy competition based on the principle of broad representation, balanced participation and fair competition.
I thank every one of the electors who have cast their vote for actively exercising their civic rights and responsibilities. Their passion for the election at this crucial time of recovery showed their unity in the face of challenges. They have elected an eighth-term LegCo composed of patriots who love Hong Kong and possess both integrity and capability, who will work with the Government in building a better Hong Kong - a home for us all.
To facilitate electors, the Government introduced a number of pioneering arrangements in this election, including extending polling hours by two hours to 16 hours, setting up Designated Polling Stations and Outreach Polling Stations for the convenience of various groups, and establishing Near Boundary Polling Stations to facilitate electors travelling to and from the Mainland and overseas. The overall polling process was smooth. The Government will review the experience to further enhance the procedures. I thank the Electoral Affairs Commission for its comprehensive and meticulous preparations, and the participation and efforts of all staff and volunteers involved in the election. Their work have ensured the election was concluded smoothly in an open, fair, honest, safe and orderly manner.
The community has gone through this difficult period brought by the fire together.I expect the eighth-term LegCo Members to join hands with the HKSAR Government to undertake support and recovery work following the tragedy. Through initiating debates, promoting the review and updating of legislation, and driving systemic reforms, we will make Hong Kong a safer city where citizens could live with greater peace of mind.
Under the executive-led system and the principle of "patriots administering Hong Kong", the executive and the legislature will further engage in constructive interaction, complementing each other with due checks and balances to open up new ground for Hong Kong through innovation and reform, continuously develop the economy, and enhance people's livelihood. I am confident that the new-term LegCo Members will actively engage with the community and various sectors, better understand public opinion, proffer their views and advice, and lead the deepening reforms of Hong Kong together with the HKSAR Government to create a shared future together.
Source: AI-found images
