Paul Chan: Hong Kong has abundant conditions to develop international data transactions. He believes that data, as a new key production factor, can be combined with different industrial fields to empower enterprises to improve efficiency and competitiveness.

As global digital transformation accelerates, an efficient data ecosystem has become one of the considerations for many companies choosing to settle in Hong Kong. The Financial Secretary of the Hong Kong SAR Government, Paul Chan, released a new budget on the 28th. He made the above remarks when talking about measures related to the digital economy.