Date
13 December 2017
Hong Kong needs to address the skills shortage in the technology sector, says Allen Ma. Photo: HKEJ
Hong Kong needs to address the skills shortage in the technology sector, says Allen Ma. Photo: HKEJ

Human capital need of the hour for HK tech firms: Allen Ma

Talent shortage is the foremost headache that Hong Kong’s technology firms are grappling with, an industry expert said, calling for more efforts to nurture skilled workers.

The first thing the upcoming Technology Bureau should do is conduct a survey on the flow of talent, said Allen Ma, chief executive of Hong Kong Science and Technology Parks Corp.

The city’s legislature has given the go-ahead to the government to establish a new Innovation and Technology Bureau.

The new agency will be formally set up after the finance committee of the Legislative Council approves the proposed budget.

Ma said the next step would be attracting more firms and experts from overseas, and putting in place measures to nurture local graduates.

“The most crucial thing is human capital, subsidies are less important,” the Hong Kong Economic Journal quoted Ma as saying.

The science park, meanwhile, is tapping into five areas to enhance the city’s competitive edge.

They include new medical technology, drugs and equipment in the bio-technology sector, cloud technology and big data in the telecommunications sector.

“Hong Kong can research cloud computing system to unify the operating system so as to speed up the development of the Internet of Things,” said Ma.

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VW/JP/RC

Freelance journalist

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