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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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CE's advisory body convenes

The Chief Executive’s Council of Advisers on Innovation & Strategic Development held its 12th meeting today during which members provided their views and suggestions on the 2021 Policy Address.   Chief Executive Carrie Lam said with the implementation of the National Security Law and improvements to the electoral system, stability had been restored and the relationship between the Executive and the Legislature improved. Consequently, there were rising expectations for more effective governance and a greater resolve to address some long standing problems in Hong Kong society.   Members shared Mrs Lam’s view that the Government should demonstrate in the coming Policy Address, albeit this being the last one in the current-term Government, determination in resolving “bottlenecks” in land and housing supply, nurturing talent, offering diversified career opportunities for young people, providing affordable medical care, and building a more charming and liveable Hong Kong.   They opined that the 2021 Policy Address should be forward-looking and visionary, setting eyes on the future to instil hope and confidence.   Mrs Lam noted that the Government will assure the local and international community that Hong Kong’s fundamental strengths have not changed, with the rule of law as robust as ever.   She pointed out that Hong Kong has a bright future under “one country, two systems” and will emerge stronger by leveraging its traditional strengths and seizing opportunities arising from the 14th Five-Year Plan, the Greater Bay Area development and the Belt & Road Initiative.   Members congratulated Hong Kong athletes for their excellent performance at the Tokyo Olympic Games and appreciated the Government’s move to purchase the broadcasting rights for free use by all television stations which had helped create social cohesion in society.   They were also briefed on the city’s latest state of play in innovation and technology (I&T) and the strategies in developing an international I&T hub with the central government’s support under the 14th Five-Year Plan.
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