HKSTP Takes Nine Game-Changing AI Tech Ventures to WAIC 2025 to Advance China's AI Plus Vision in Transforming Business and Industry
Hong Kong Space Robotics and Energy Centre Limited (HKSRE ) is an InnoHK R&D centre focuses on aerospace technology R&D to foster international collaboration for the Chang'e-8 mission. It brings together institutions from local and overseas to jointly develop the mission's Hong Kong-operated robot—a multifunctional lunar surface operations and mobile charging system.
) is an InnoHK R&D centre focuses on aerospace technology R&D to foster international collaboration for the Chang'e-8 mission. It brings together institutions from local and overseas to jointly develop the mission's Hong Kong-operated robot—a multifunctional lunar surface operations and mobile charging system. Centre for Artificial Intelligence and Robotics ( CAIR ) Hong Kong Institute of Science & Innovation Chinese Academy of Sciences is another InnoHK R&D centre, showcases MicroNeuro, the world's first flexible robotic system for minimally invasive neurosurgery to address challenges of fragile brain tissue and confined spaces, surpassing human surgical limits.
( ) is another InnoHK R&D centre, showcases MicroNeuro, the world's first flexible robotic system for minimally invasive neurosurgery to address challenges of fragile brain tissue and confined spaces, surpassing human surgical limits. Digital Domain, a global leader in Hollywood visual effects and AI virtual human technologies, showcases the AI-powered video creation solution "HANBAO" and "AI DOMAIN", an all-in-one content creation platform, empowering creators to tailor high-quality short videos for online platforms. Digital Domain has set up its state-of-the-art R&D centre in Hong Kong, driving the innovative development among entertainment and cross-industry.
Centre for Artificial Intelligence and Robotics, Hong Kong Institute of Science & Innovation, Chinese Academy of Sciences (CAIR) ClusterTech Limited Digital Domain Hong Kong Centre for Cerebro-cardiovascular Health Engineering (COCHE) HK INBOT TECHNOLOGY LIMITED Hong Kong Space Robotics and Energy Centre Limited MattVerse Limited Metapool Technology Limited Ultipa Hong Kong Limited
HONG KONG SAR / SHANGHAI, CHINA - Media OutReach Newswire - 27 July 2025 - Hong Kong Science and Technology Parks Corporation (HKSTP) is embarking on a mission to advance China's AI Plus vision with nine Hong Kong AI park companies at the World AI Conference & High-Level Meeting on Global AI Governance (WAIC) 2025, taking place from July 26-29 in Shanghai, China. In collaboration with the Hong Kong Trade Development Council and Cyberport, HKSTP is leveraging Hong Kong's growing global AI innovation hub status to advance the China's strategic AI initiative and applying AI and big data to transform old and new industry sectors to boost a new era of growth."Hong Kong is a crucible for world-class AI innovation and our unique HKSTP ecosystem provides an ideal platform to empower AI tech firms with global fluency and pave the way for global expansion. By taking local tech companies on a global growth journey and attracting more international startups to land Hong Kong and integrating into the Mainland China or even the Asia markets means a growing critical mass of world-class AI innovators is created. This influx of global talent and technology will accelerate the country's high-tech industry and economic development, further fueling the national drive for new quality productive forces."The nine park enterprises participating in the Hong Kong Pavilion cover technologies in life and health tech, fintech, entertainment, aerospace tech, digital education and more, highlights included:In addition to the showcase of tech firms, HKSTP also hosted a provoking panel discussion at WAIC 2025, exploring the theme of: "From Hong Kong to global impact: Shaping the future with AI and New Quality Productive Forces for Cross-industry Growth", moderated by Ms Pheona Kan, Director of Business Development at HKSTP with the fellow scientists and experts from the field.The discussion highlighted how Hong Kong has a unique role in global AI development by uniting international talent and technology behind the city's AI vision which also aligns with China's vision to transform industry through quality productive forces.As the largest I&T ecosystem in Hong Kong, HKSTP is home to over 500 AI startups, including home-grown unicorns that are shaping the future of artificial intelligence. In alignment with Hong Kong's bold vision for technological leadership, the HKSTP San Tin Technopole Campus—a 20-hectare site within the soon-to-be-built San Tin Technopole—will serve as a critical catalyst for the city's next wave of innovation. Strategically located in the heart of the Northern Metropolis, the Campus is poised to become a flagship landmark for AI+ and beyond, aiming to promote its widespread development and application across sectors.This year, WAIC 2025, themed "Global Solidarity in the AI Era," will bring together top scientists, global leaders, entrepreneurs, policymakers, and innovators in the AI ecosystem.KSTP's participation at WAIC 2025 is a testament to Hong Kong's role as a bridge between Chinese and global innovators, fostering collaboration and exchange of ideas, technologies, and governance philosophies.Hashtag: #HKSTP
The issuer is solely responsible for the content of this announcement.
About Hong Kong Science and Technology Parks Corporation
Hong Kong Science and Technology Parks Corporation (HKSTP) was established in 2001 to create a thriving I&T ecosystem grooming 13 unicorns, more than 15,000 research professionals and over 2,300 technology companies from 26 countries and regions focused on developing healthtech, AI and robotics, fintech and smart city technologies, etc.
Our growing innovation ecosystem offers comprehensive support to attract and nurture talent, accelerate and commercialise innovation for technology ventures, with the I&T journey built around our key locations of Hong Kong Science Park in Pak Shek Kok, InnoCentre in Kowloon Tong and three modern InnoParks in Tai Po, Tseung Kwan O and Yuen Long realising a vision of new industrialisation for Hong Kong, where sectors including advanced manufacturing, micro-electronics and biotechnology are being reimagined.
Hong Kong Science Park Shenzhen Branch in Futian, Shenzhen plays positive roles in connecting the world and the mainland with our proximity, strengthening cross-border exchange to bring advantages in attracting global talent and allowing possibilities for the development of technology companies in seven key areas: Medtech, big data and AI, robotics, new materials, microelectronics, fintech and sustainability, with both dry and wet laboratories, co-working space, conference and exhibition facilities, and more.
Through our R&D infrastructure, startup support and enterprise services, commercialisation and investment expertise, partnership networks and talent traction, HKSTP continues to contribute in establishing I&T as a pillar of growth for Hong Kong.
More information about HKSTP is available at www.hkstp.org.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malay Mail
5 minutes ago
- Malay Mail
Ageing gracefully in Malaysia: How to plan your finances and medical care with 'living wills', trusts, POAs and more
Financial planning experts at a Bar Council forum urged Malaysians to plan early for ageing and set up a 'Plan B', including buying healthcare insurance while younger. Malaysians should be careful if they are using a Power of Attorney to prepare for their daily care or financial needs, since it can be revoked if they become mentally incapacitated. Experts also suggested Malaysia explore long-term care insurance, as seen in Japan and the Netherlands, with the 13th Malaysia Plan mentioning this as a possible future policy direction. KUALA LUMPUR, Aug 7 — Always wanted to grow older 'gracefully' in Malaysia and have your financial arrangements all sorted out? Speaking at the recent 'Twilight Talks' forum organised by the Bar Council's MyBar Ageing Rights Advisory Committee, financial planning experts said you should plan even when you are younger, and to always have a 'Plan B' to prepare for any future possibilities. Datuk Raymond Wong, a 69-year-old certified financial planner and founder of Kensington Trust Group, said he began his journey of 'positive ageing' or 'ageing gracefully' after he became a cancer survivor recently and after his mid-60s client remarked that both of them were in the 'final quarter of our life in this world'. Here are some tips that he had to share: Buy your own insurance for hospitalisation when young He cautioned that you should not rely on your company's group insurance for hospitalisation or critical illnesses. This is since it only covers company employees up to the ages of 65 or 70, and those beyond those ages can no longer benefit from this insurance. 'When I was 40, 50, running a business, we were covered by group hospitalisation or group critical illness. It never occurred to me that I will get sick or hospitalised by the time I'm 60 or 70,' the chartered accountant said when sharing his personal experience at a forum on ageing organised by the Malaysian Bar. If you try to buy medical insurance much later to cover potential hospitalisation needs for the critical period when you need it the most (such as ages 65 to 90), Wong said insurers could decline to provide insurance for your existing illnesses and also charge a higher premium due to your age. Setting up a 'Plan B', such as a trust Since he cannot go back in time to get medical insurance at an earlier age, Wong now plans to set up a medical trust for himself, where his trustee will know how to take care of his needs financially when he reaches ages such as 80. Even if you think you have enough savings for say, the next 10 years, setting up a trust in advance could help if you unexpectedly become mentally incapacitated or physically incapacitated later on. Wong stressed the importance of planning earlier for a Plan B or setting up trusts: 'It's something you need to plan, and don't be too late, and then when it happens to you, the infrastructure below you is not there to support you.' Taking it one step at a time Wong said he and his wife are planning for a future where they would not be relying on their children, and also noted that 'life still needs to go on' in the event either spouse is no longer around. 'And that's how we need to plan, that will not change, because you need to take it in bite-sized stages, from age 60 to 70; 70 to 80; 80 to 90; if we are blessed to live that long in that sense.' He said the reality of life is that children would eventually spend less and less time with their parents as they have their own families, and said there is a need for a 'mindset' shift in making future plans. 'So I have told my wife, we have countless discussions on this. We assume that both of us will be alone to take care of each other, that is what we call zero-based assumption. 'Doesn't mean that my children are not loyal or filial or whatever you name it, it's just the tendency nowadays is not to burden them, but at the same time you need to have the ability to take care of yourself,' he said. Saying that there is no 'textbook' for ageing gracefully, Wong said: 'But a general way of looking at it would be positive ageing — always a firm belief that you will grow older and expect to live longer than what you think you can do.' Linnet Lee, former CEO of the Financial Planning Association of Malaysia, at the same forum encouraged Malaysians to start financial planning earlier instead of waiting until retirement. 'So the rule of thumb is, if you think you are going to retire in 25 years, you must start 25 years before,' she said. She stressed the importance of having savings as it would help in financial planning for retirement, saying it would be virtually impossible to retire without working with zero savings 'So it's either you live within your means or you work longer; or even better you live within your means and you work longer, you have to do both,' she said, earlier acknowledging that some might not be in good health to be able to work longer. Trevor Jason Mark Padasian, a member of the Bar Council's MyBar Ageing Rights Advisory ommittee, stresses that a power of attorney will automatically be cancelled if the person making it becomes mentally incapacitated or is later diagnosed to have a mental disorder. — Picture by Raymond Manuel Have your pick: Wills, trust, POAs Speaking at the same forum, lawyer Trevor Jason Mark Padasian outlined the available options in Malaysia for financial planning: Writing a will Trusts Creating a Power of Attorney (POA) For example, you (donor) can create a POA to authorise or give a person (donee) the power to look after you and your day-to-day care, or sell your properties to look after you. But Trevor warned that many people are caught by surprise when the POA is automatically revoked, when the person who created the POA is later diagnosed to be mentally incapacitated (such as when they have illnesses such as schizophrenia or dementia). So even if you may have created a POA for future situations where you become mentally incapacitated or become unable to manage your own affairs, the POA will become invalid and become a useless document. Other situations when your POA becomes revoked in Malaysia are: if you give written notice of the revocation, or if you die, if you become bankrupt and the court makes a receiving order against you; or if the person you authorised has renounced the POA, or has become of unsound mind, or dies. There are countries where they have a type of POA that will still be valid even if the person who created it becomes mentally incapacitated, known sometimes as an Enduring Power of Attorney (Australia, Hong Kong) or Lasting Power of Attorney (UK, Singapore). But Trevor said Malaysia does not yet have laws that enable an enduring POA, so it is not an option that you can use here. If it is found in court that you have become mentally incapacitated or unable to manage yourself and your own affairs, the court can order the appointment of either a Committee of Person or Committee of Estate to take on that role. What about 'Living Wills'? Trevor said 'living wills' or 'Advance Care Directives' are not legally binding in Malaysia and could potentially be challenged in court, and there are no laws or regulations on this yet. But he said that the 'living will' option is widely used in Malaysia, and doctors generally do respect these advance care directives. Normally, a 'will' deals with a person's assets and how it will be distributed after their death. But a 'living will' is when a person makes decisions and gives instruction on their own future medical care, in case they become incapable of making decisions or if they lose their mental cognition. Citing the Malaysian Medical Council's guidelines on this topic, Trevor said patients could write a directive to say they do not want certain medical treatments. But he said the directive will become invalid if it gives instructions for illegal activities such as euthanasia or termination of a pregnancy. Global Coalition on Ageing advisory council member Nathan Vytialingam said Malaysia could consider having a 'long-term care insurance'. — Picture by Raymond Manuel Should Malaysia have 'Long-Term Care Insurance'? In a separate session at the forum, Global Coalition on Ageing advisory council member Nathan Vytialingam listed best practices from Sweden, Denmark, Japan, Australia, the Netherlands, and Singapore which he said Malaysia could adapt or be inspired for its own ageing population. Nathan said Malaysia could introduce a 'long-term care insurance' for financial sustainability, with this being a mandatory insurance in both Japan (mandatory for all aged 40 and above) and the Netherlands. In yet another session at the forum, the Department of Social Welfare's elderly division's principal assistant director Mohd Mahir Mohd Tahir said the government looks at various aspects tied to ageing. 'And we are now heading towards the direction of looking at long-term care insurance which are carried out in several countries, in Japan especially, where we contribute from an early stage at 40 years old for our needs at ages 60 and above,' he said. The 13th Malaysia Plan, which is Malaysia's development plan for the next five years and which was tabled in Parliament on July 31, had briefly mentioned that a "long-term care insurance scheme will be explored to provide a more structured and sustainable protection".
The Star
an hour ago
- The Star
McDonald's China plans 10,000 outlets
McDonald's China has committed to local execution across management, operations, and innovation. — China Daily BEIJING: McDonald's China's plan to open 1,000 new stores annually and reach as many as 10,000 locations by 2028 is on track, boosted by innovation and localisation, according to its top executive. The food service chain unveiled a report recently to mark the eighth anniversary of its transition to a developmental licensee model under the 'jin gong men' (golden arches) banner. McDonald's China was acquired by a consortium led by CITIC Capital in 2017. The report coincides with the company's rapid expansion, with more than 7,100 outlets across 280 cities – more than triple the number in 2017 – and over 1.3 billion annual customer visits. Phyllis Cheung, CEO of McDonald's China, said: 'The 'jin gong men' model – a global brand empowered by local ownership and operations – has enabled us to respond faster to market dynamics, drive innovation, and scale impact across food, sustainability, talent, and community.' McDonald's China has committed to local execution across management, operations, and innovation. Cheung said the fully localised management team allows the company to stay 'closer to customers' and move 'faster than ever', making decisions independently and feeding successful China-born innovations including its spicy menu series. — China Daily/ANN
Free Malaysia Today
8 hours ago
- Free Malaysia Today
Pharmaniaga completes regularisation plan, to exit PN17 early 2026
Pharmaniaga Bhd fell into PN17 status in February 2023, dragged by its RM552.3 million provision for 'slow-moving inventories' of Covid-19 vaccines. KUALA LUMPUR : Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital. The pharmaceutical company said this step firmly sets the group on course to exit the PN17 status latest by the first quarter of 2026. 'The capital reduction exercise, which involved the cancellation of RM520 million in issued share capital, was completed after confirmation was received today from the registrar of companies that all statutory requirements have been fulfilled. 'Following the completion of this exercise, the issued share capital of the group is RM249.62 million, comprising 6.55 billion shares,' it said in a statement. Pharmaniaga fell into PN17 status in February 2023, dragged by its RM552.3 million provision for 'slow-moving inventories' of Covid-19 vaccines. At the close of trading today, the counter finished unchanged at 18.5 sen, with 28.69 million shares changing hands.
