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Hong Kong’s bid to win in AI: where are the road map and the guardrails?

Oscar Liu
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Hong Kong’s government unveiled a HK$50 million AI+ initiative in March 2026 to boost public AI literacy through courses, seminars, and competitions, emphasizing responsible adoption amid rapid technological disruption. Generative AI has devastated local coding firms, shrinking the industry from over 100 players to fewer than 20 since 2023, forcing businesses like Innopage to adapt or collapse as automation replaces high-value programming tasks. The Employees Retraining Board will rebrand as “Upskill Hong Kong,” shifting focus to AI skills training for workers to maintain competitiveness in a labor market reshaped by AI-driven automation and evolving job demands. School curricula and vocational programs face a major overhaul to integrate AI education, reflecting urgency as industries and individuals scramble to keep pace with transformative technologies redefining work. Critics question the lack of a clear roadmap and regulatory guardrails, raising concerns about Hong Kong’s preparedness to balance AI adoption with ethical risks and economic stability amid global competition.
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Hong Kong’s bid to win in AI: where are the road map and the guardrails?

AdvertisementHong Kong economyHong KongHong Kong EconomyHong Kong’s bid to win in AI: where are the road map and the guardrails?In the second of a two-part series on AI in Hong Kong, Oscar Liu reports on how society, from government and companies to institutions and individuals, is scrambling to embrace AI, as work itself gets redefined8-MIN READ8-MIN ListenOscar LiuPublished: 8:30am, 14 Mar 2026Updated: 8:37am, 14 Mar 2026Keith Li King-wah’s business once thrived during the 2010s. In a crowded field of more than 100 rivals, his programming consultancy, Innopage, easily secured contracts worth hundreds of thousands of Hong Kong dollars to develop basic digital tools, such as a mortgage calculator, for corporations and government agencies.But those easy-money days are gone. The rapid rise of generative artificial intelligence (AI) has transformed high-value coding into widely accessible and automated services, leaving Li’s award-winning 20-person venture obsolete.“Since the emergence of ChatGPT in 2023, the industry has shrunk to the point where players can be counted on two hands. The programming ecosystem has been hit the hardest,” Li said.AdvertisementLi is among a wave of industry leaders scrambling to outpace the new technology long before the government pivoted towards an “AI for all” initiative, alongside a massive overhaul of school curricula and vocational retraining.In his recent budget address, Financial Secretary Paul Chan Mo-po announced a comprehensive strategy called AI+ to popularise the technology and enhance digital literacy across all levels of society.AdvertisementAs part of this initiative, HK$50 million (US$6.4 million) will be allocated to build public awareness and skills through AI courses, seminars and competitions focused on responsible use.To support the current workforce, the Employees Retraining Board will be rebranded as “Upskill Hong Kong”, focusing on providing skills-based AI training to enhance local competitiveness.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x

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Source: South China Morning Post Business

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