The Chief Executive, CY Leung, said the number of Wi-Fi hot spots in Hong Kong will be doubled within three years. Image: Shutterstock
Hong Kong is set for a major upgrade of its information technology sector as the government announced a rash of plans to develop it.
In his Policy Address, the Chief Executive, CY Leung, announced the setting up of a HK$2 billion Innovation and Technology Venture Fund. It is aimed at encouraging investment in local innovation and technology start-ups, and comes just after the establishment of the Innovation and Technology Bureau last month.
Leung also said another HK$500 million fund, known as the Innovation and Technology Fund, will be set up to finance information technology projects that will improve people's daily lives.
But details of the projects have yet to be provided.
Leung also said the government plans to transform Hong Kong into a place with one of the world's highest Wi-Fi densities.
The plan is to double the number of Wi-Fi hot spots to 34,000 within three years and expand the service to all public housing estates, public hospitals, parks, promenades, tourist spots, and as far as the land boundary.
http://news.rthk.hk/rthk/en/component/k2/1235343-20160113.htm
