Hong Kong, Innovative City

　　3. Mainland industry, Hong Kong markets

　　In September 2006, Donald Tsang, Chief Executive of the Hong Kong SAR, stated that Hong Kong was included in China's National 11th Five-Year Plan in accordance with the policy of "One Country, Two Systems." The plan states that the Central Government will support the development of Hong Kong's financial services, logistics, tourism, and information services, and will maintain Hong Kong's status as an international center of financial services, trade, and shipping. It also calls for strengthening exchanges and cooperation between Hong Kong and the Mainland in every area. The 11th Five-Year Plan represents the Central Government's expectations as well as its support for and confidence in Hong Kong.

　　4. Facing the future

　　The "Economic Summit on China's 11th Five-Year Plan and the Development of Hong Kong" was held by the SAR Government in September 2006. In January 2007, the "Economic Summit" Expert Groups submitted to the chief executive their proposals for the program agenda regarding the future development and direction of Hong Kong's economy. The proposals cover the four areas of trade and business; financial services; maritime, logistics, and infrastructure; and professional services, information, technology, and tourism.

　　5. Innovations in Science, Technology, and Design Exposition, Hong Kong 2005

　　In 2006 the Hong Kong SAR Government established five research and development centers to promote innovation and development in the areas of communications and information technology, logistics and supply chain management, automotive components, and nano technology, as well as advanced materials, textiles, and the garment industry.

　　6. Cyberport

　　Cyberport is Hong Kong's flagship IT development. Wholly owned by the SAR Government, its goal is to develop Hong Kong into the region's preeminent cyber city. In order to further promote cooperation and exchange between Hong Kong and the rest of the world, the SAR Government is also funding the establishment of Science Park, dedicated to the research and development of high-tech and applied technology.

　　7. Building infrastructure for the 21st century

　　Building new infrastructure is necessary not only to meet the demands of a growing population, but also to support Hong Kong's developing economy and trade. The SAR Government therefore continues to make massive investments in infrastructure including railway systems, New Town districts, and highway construction.

　　8. Developing New Town districts

　　The West Kowloon Reclamation Project created approximately 340 acres of new land and will provide housing for a projected population of 190,000 people. The SAR Government plans to establish a waterfront cultural district at the southern tip of the project that will combine culture, art, leisure, and commerce.