Several members of the U.S. House of Representatives are calling on the U.S. Department of Commerce to immediately investigate potential import restrictions on additional information and communications technology products from Chinese Mainland.
Advanced telecommunications infrastructure is a crucial cornerstone for Hong Kong's development into a major business hub in the Asia-Pacific region. In the era of e-commerce, the telecommunications industry is particularly vital for enhancing Hong Kong's competitiveness. In 2023, the value-added contribution of Hong Kong's information and communications industry reached HK$102.2 billion, accounting for approximately 3.4% of the city's gross domestic product (GDP).
Hong Kong’s electronics industry is the territory’s largest merchandise export earner, accounting for 72.8% of the city’s total exports in 2024. A substantial portion of this business, largely re-exports, are regarded as high-tech products, especially those related to telecommunications equipment, semiconductors and computer items.
John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), attended the presentation of plaques to 15 State Key Laboratories (SKLs) in Hong Kong by the Minister of Science and Technology, Yin Hejun, on 25 August. This followed a 2018 agreement by the Ministry of Science and Technology that Partner SKLs in Hong Kong paired with SKLs on the Mainland could be renamed SKLs.