The serial information technology revolutions – transistors (1950s), integrated circuits (1960s), personal computers (1970s, 80s), Internet (1990s) and mobile devices (2010s) – had a profound effect on the global economy because of their breadth. The jump in communication, data processing and storage capacity transformed every field from accounting to zoology.
Communications technology reached a historic milestone at the beginning of April this year as Hong Kong's fifth-generation mobile (5G) network was officially fully connected, linking all major communication equipment.
Diversity is a key to success for enterprises ranging from small and medium-sized enterprises (SMEs) to giant corporations and entire economies; and Hong Kong’s start-up scene shows the city has diversity in spades.
Exports have always been a main sector of Hong Kong and require a range of services – such as auditing, inspection, safety testing and supply-chain management – to ensure product quality meets international standards and destination-market regulations.
Hong Kong, traditionally a gateway bringing goods and people to and from Mainland China, is receiving a 21st-century makeover, transforming itself into a portal for data, finance, talents and services – as well as goods.