Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region Government, delivered the 2026–2027 Budget today (the 25th). Chan noted that as AI applications are rapidly driving industrial innovation, new technologies, industries, and products are emerging rapidly, he will establish and chair the “AI+ and Industrial Development Strategy Committee” to formulate strategies for AI-driven industrial transformation and development, create favorable conditions, and invite experts, scholars, enterprises, and companies in industrial parks to participate. Initially, the committee will focus on life sciences and embodied intelligence. (Greater Bay Area Voice)