Speech by SITI at 2025/26 HKMA/HKT Global Innovation Award Presentation Ceremony
Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the 2025/26 HKMA/HKT Global Innovation Award Presentation Ceremony today (June 29):
Ir T K Chiang (Deputy Chairperson of Hong Kong Management Association (HKMA), Mr Chiang Tung-keung), Professor Susanna Hui (Executive Committee and Council Member of HKMA), Professor Randy Lai (Deputy Chairperson of HKMA), Ir Professor Sunny Lee (Chairperson, Organising Committee of HKMA/HKT Global Innovation Award), distinguished guests, ladies and gentlemen,
Good afternoon. I am delighted to join you all today at the Global Innovation Award Presentation Ceremony organised by the Hong Kong Management Association and sponsored by Hong Kong Telecom (HKT).
In Hong Kong and across the globe, businesses are transforming at unprecedented speed. Industries are being reshaped, business models reinvented, and technologies deployed in ways that redefine how value is created. In this fast-evolving landscape, innovation and technology (I&T) has become the lifeblood of competitiveness, resilience, and long-term success.
The launch of this Award is therefore both timely and visionary. It recognises organisations that have not only adapted to change, but have embraced it. I had the honour of attending the Kick-off Ceremony of this Award in 2022. It is a pleasure to return today and witness how it has grown from strength to strength, attracting 800 entries across its first three editions, including close to 100 non-local submissions from the Chinese Mainland and overseas economies. These achievements reflect not only the Award's rising influence, but also the vibrant spirit of innovation that defines Hong Kong's business community.
Hong Kong is now entering a new chapter of development under the National 15th Five Year Plan, which positions Hong Kong as an international I&T centre. Over the past few years, the Hong Kong SAR Government has been investing heavily in I&T infrastructure, talent development, cross-border collaboration, and the transformation of the industrial base. From the Hong Kong-Shenzhen I&T Park in Hetao to the San Tin Technopole; from the Sandy Ridge Data Cluster Facility to the expansion of our InnoHK research clusters, we are building the foundations of a world-class I&T ecosystem that connects the international market with the innovation engine of the Greater Bay Area.
At the same time, we are accelerating our embrace of AI and digital transformation at full speed. The Government is moving toward full digitalisation of its services. Today, all licensing and government services involving application and approval now support submission, payment and document collection by electronic means. We have rolled out over 100 new digital government and smart city initiatives by end-2025, covering the use of AI, blockchain technology, geospatial analysis and automation. The HKGAI (Hong Kong Generative AI Research and Development Center), one of our InnoHK centres, has launched a series of generative AI applications built on a locally developed large language model, such as HKPilot and HKChat, and has received positive feedback with more than 720 000 registered users. These initiatives, together with the collective effort of stakeholders across sectors, have propelled Hong Kong to place second globally this year in the latest World Competitiveness Yearbook 2026, with particularly outstanding performance in "Government efficiency" and third in "Business efficiency".
Let me take this opportunity to congratulate all the awardees and finalists. Your achievements are a testament to what Hong Kong's talent and enterprises can accomplish when they innovate with ambition and purpose. As we celebrate your success, I encourage all organisations in Hong Kong to continue investing in innovation, not only as a one-off project, but a continuous journey.
I would also like to thank the HKMA, HKT and all supporting partners for launching this meaningful Award to recognise excellence and encourage innovation across sectors. Let us continue to embrace new ideas and build a Hong Kong that is not only competitive today, but ready for the opportunities of tomorrow. Thank you.
Speech by SITI at 2025/26 HKMA/HKT Global Innovation Award Presentation Ceremony Source: HKSAR Government Press Releases
Leasing arrangements announced for public market stalls in July
The Food and Environmental Hygiene Department (FEHD) announced today (June 29) that open auctions for a total of 487 stalls in 42 public markets will be held in July. Market stalls not taken at open auctions will be available to the public for renting at their upset prices on July 24 on a first-come, first-served basis.
(1) Open auctions
The types of stalls to be auctioned this time cover cooked food, frozen meat, fresh meat, fresh fish, frozen (chilled) poultry, fruits, vegetables, food-related dry goods and wet goods, non-food-related dry goods and wet goods, tradesman/service trades, siu mei and lo mei, newspaper, etc. The tenancy agreement is a three-year fixed term from August 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on the sizes, locations and vacancy periods of the individual stalls. The upset prices for the stalls in an open auction will be initially fixed at 80 per cent of the open market rent (OMR) if the stalls have been vacant for over six months, and at 60 per cent of the OMR if the vacant period has been over eight months. The open auctions will be held on July 6, July 7, July 9 and July 10. Details of the open auctions and the public market stalls concerned are available on the FEHD website.
The open auctions will be held at Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon. Limited seats are available on a first-come, first-served basis. The admission tickets will be issued 30 minutes prior to the commencement of each auction. Persons who want to attend the auctions must wait at the waiting area of the auction venue and produce their Hong Kong identity card or passport for registration. The registered person will then be provided with an admission ticket for the auctions. In addition, eligible bidders after verification will be issued with a bidding paddle for the auction. The FEHD has also invited representatives of the Police and the Independent Commission Against Corruption to monitor the auctions at the auction venue in order to ensure that the open auctions are conducted in an orderly and fair manner.
(2) Renting at upset prices on first-come, first-served basis
The tenancy agreement for market stalls renting on a first-come, first-served basis is a three-year fixed term from September 1, 2026; while the tenancy agreement for the market stalls at Stanley Waterfront Mart is a two-month fixed term from August 1, 2026, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on their sizes, locations, vacancy periods and the reduced upset prices from the last open auction of the individual stalls.
In addition, the FEHD Sunlight Market will be available to the public for renting on a first-come, first-served basis. The licence agreement for market stalls in the Sunlight Market is a 24-month fixed term starting from September 1, 2026, with no right of renewal upon expiry of the licence agreement. The licence fee of the stalls varies depending on their sizes.
Members of the public who are interested in renting a market stall at its upset price should approach the designated FEHD offices to apply in person from 9.30am to 12.30pm or 2.30pm to 4.30pm on July 24 (Friday). Relevant information and the office addresses will be available on the FEHD website after the open auction.
A spokesman for the FEHD said, "Bidders or applicants for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for or select the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction or to select one stall in the same market on a first-come, first-served basis (except Stanley Waterfront Mart). The existing tenants under the new three-year fixed-term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the auction or select a stall on a first-come, first-served basis in the same market, but shall vacate the current stall and return it to the FEHD before the effective date of commencement of the new tenancy agreement."
Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html). Details on renting public market stalls on a first-come, first-served basis will be uploaded to the FEHD website after open auctions (www.fehd.gov.hk/english/pleasant_environment/tidy_market/FCFS/index.html). Interested bidders or applicants may visit the department website or contact the respective District Environmental Hygiene Office.
Source: AI-found images
