Could space become Hong Kong's new frontier industry? Experts think so
Hong Kong should work with mainland Chinese authorities to turn the city into a space innovation hub to capitalise on its business opportunities, while also acting as a 'superconnector' for building a global consensus on aerospace regulations, experts have said at a global summit.
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Experts made the suggestion at the Global Prosperity Summit on Tuesday, arguing that Hong Kong could take advantage of the massive opportunities arising from the mainland's rapidly growing BeiDou satellite navigation system (BDS) and other space technologies.
The home-grown system is the country's answer to the global positioning system (GPS) and other aspects of space development.
The summit was co-organised by local think tank the Savantas Policy Institute, the Shanghai Institutes for International Studies and the European Chamber of Commerce in Hong Kong.
Executive Council convenor Regina Ip Lau Suk-yee, who also chairs the think tank, said in her welcoming remarks at the summit that the event aimed to help the world recognise the unique role that Hong Kong played in 'bridging divides and reducing differences'.
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She suggested that the city should strive to host more meetings involving international organisations, especially events that could facilitate agreements related to emerging sectors such as aviation.
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