By year end of 2020, Mainland China has signed the Regional Comprehensive Economic Partnership (RCEP) with other 14 countries/economies which shall give bigger opportunities for businessmen at the Great Bay Area (GBA) to intensify and synergise their multinational business. RCEP offers a free trade agreement to optimise the business environment, open up markets and reducing trade barriers. Looking forward that Hong Kong will become a RCEP member soon which will enliven our overall business.

Mainland China is increasingly opening up to foreign investment and globalisation and this situation provide Hong Kong with a significant opportunity to maximise the role and benefits as an integrated part of the Great Bay Area Initiative to create a globally competitive business region.

Artificial Intelligence of Things (AIoT)
Artificial intelligence (AI) plays a growing role in Internet of Things (IoT) applications and deployments. Both investments and acquisitions in startups that merge AI and IoT have climbed over the past two years. Major vendors of IoT platform software now offer integrated AI capabilities such as machine learning-based analytics.

Smart Manufacturing
Smart manufacturing is a broad category of manufacturing that employs computer-integrated manufacturing, high levels of adaptability and rapid design changes, digital information technology, and more flexible technical workforce training. Other goals sometimes include fast changes in production levels based on demand, optimisation of the supply chain, efficient production and recyclability. In this concept, as smart factory has interoperable systems, multi-scale dynamic modelling and simulation, intelligent automation, strong cyber security and networked sensors.