On the 1st, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, posted on his blog that the government's new budget proposes two main lines: "AI+" and "finance+", hoping to accelerate the process of economic transformation and elevate Hong Kong's high-quality development to a higher level. Chen Maobo stated that Hong Kong has adopted a multi pronged strategy in terms of "AI+". He will establish and chair the "AI+and Industrial Development Strategy Committee", gathering experts, scholars, and business representatives to formulate strategies for accelerating the development of different industries driven by AI, hoping to become a catalytic force for driving industrial innovation. Hong Kong is making every effort to promote the construction of multiple industrial parks in the northern metropolitan area and accelerate the construction of computing infrastructure in the Shaling Data Park. These jobs will support the research and application of cutting-edge technologies such as AI and life and health, as well as provide development space for high-end manufacturing. He introduced that one of the measures in the new budget is to invest HKD 50 million to support public institutions, science and technology enterprises, and tertiary institutions in organizing activities to promote the universal learning, use, and utilization of AI, and enhance the overall AI literacy of society. In terms of "finance+", Chen Maobo stated that finance provides solid support for technological innovation and the development of the real economy. The innovation of financial services itself further supports the incremental expansion and breakthrough of pain points in the real economy. With the integration of AI with industrial transformation and upgrading, and deep integration with finance, the market will accelerate the emergence of a series of new professional service demands. Chen Maobo said that it can be foreseen that Hong Kong needs enterprises that are more proficient in using AI, as well as financial and professional services that are more knowledgeable in AI and innovative technology. This will enrich the connotation of Hong Kong as an international financial center, and enable financial, technological, and industrial innovation to contribute to the construction of the country's modern industrial system. Adapting to local conditions and making good use of Hong Kong's own advantages, actively aligning with national development strategies, is the only way for Hong Kong to achieve better development for itself. (New Society)