Speech by SITI at Laservall - "From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics"
Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the Laservall -"From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics" event today (March 31):
Ms Lee (Korean Consul (Commerce), Consulate General of the Republic of Korea in Hong Kong, Ms Jaeyon Lee), James (Chairman of Laservall, Mr James Kang), Andrew (Chief Executive Officer of Laservall, Mr Andrew Kim), Albert (Chief Executive Officer of the Hong Kong Science and Technology Parks Corporation, Mr Albert Wong), distinguished guests, ladies and gentlemen,
Good morning. It is my pleasure to stand before you today to celebrate Laservall's global expansion in Hong Kong - a milestone that marks the company's distinctive success achieved in developing advanced high-precision laser inter-connect solutions and automation system for advanced manufacturing.
Founded in Hong Kong in 2003 and commencing its amazing journey at the Hong Kong Science Park in 2024, a cradle that nurtures thousands of innovation and technology (I&T) companies, Laservall has evolved into a world leader in the advanced manufacturing industry today. With its extensive clientele including some renowned global brands in the industry of smartphone camera modules, electronics and automotive, Laservall continues to expand its operations with R&D (research and development) centres and production facilities across Asia.
We are so excited to witness Laservall's success today, as advanced manufacturing has been a pivotal sector and significant power engine to drive the development of new industrialisation in Hong Kong.
Following the promulgation of the Hong Kong Innovation and Technology Development Blueprint in December 2022, the Hong Kong SAR Government has been actively promoting new industrialisation through supporting the advanced manufacturing industries and encouraging the upgrading and transformation of traditional manufacturing sector through the use of I&T, with the aim of driving sustainable economic growth and creating high-quality employment opportunities.
To bolster the development of new industrialisation, our Government has stepped up its efforts by implementing a series of supporting policies and measures. For example, the New Industrialisation Funding Scheme was enhanced to reinforce our efforts in supporting enterprises to adopt smart manufacturing. As of February 2025, the scheme had supported more than 100 new smart production lines. To extend our dedication, we launched the New Industrialisation Acceleration Scheme last year to provide funding support for enterprises engaging in industries of strategic importance. We will also earmark another $100 million for the Pilot Manufacturing and Production Line Upgrade Support Scheme to provide financial support to companies setting up smart production facilities in Hong Kong.
Today, Laservall announces its plan of investing $300 million over the next five years and doubling the size of R&D team by 2026, and extending their R&D team eventually by sixfold by 2028. This not only reflects the company's commitment to innovation but also its unwavering confidence in Hong Kong's I&T industry. Its expansion at the Science Park is a perfect example of how it is leveraging Hong Kong's unique role as a "super-connector" and a "super value-adder" to strengthen its presence in the global market.
May I once again extend my sincere congratulations to Laservall for its outstanding I&T achievement. I am confident that we will soon witness more local companies, like Laservall, stepping onto the global I&T stage and demonstrating the remarkable outcomes of Hong Kong's R&D capabilities to the world in the near future. Thank you.
Speech by SITI at Laservall - "From Hong Kong To Global: The Future of Advanced Manufacturing and Microelectronics" Source: HKSAR Government Press Releases
Special traffic arrangements for triathlon on Hong Kong Island
Police will implement special traffic arrangements in Central and Wan Chai from this Friday to Sunday (April 4 to 6) to facilitate the holding of a triathlon event.
A. Road closure
The following roads will be closed:
(1) From 10am on April 4 to 6pm on April 6:
Expo Drive between Legislative Council Road and Expo Drive Central.
(2) From 1am to 2pm on April 5 and from 1am to 6pm on April 6:
- Yiu Sing Street;
- Eastbound Lung Wo Road between Man Yiu Street and Fleming Road, including the slip road of eastbound Central – Wan Chai Bypass tunnel from Wan Chai to North Point;
- Westbound Lung Wo Road between southbound Lung Tat Path and southbound Tim Wa Avenue;
- Northbound Lung Tat Path;
- Lung Hop Street;
- Legislative Council Road between Legislative Council Complex Car Park exit and Lung Wo Road;
- Part of the traffic lanes of the slip road of westbound Central - Wan Chai Bypass Tunnel heading to Central District;
- Part of the traffic lanes of eastbound Man Po Street near Man Yiu Street;
- Part of the traffic lanes of eastbound Man Po Street near Finance Street;
- Part of the traffic lanes of southbound Man Yiu Street between Man Kwong Street and westbound Yiu Sing Street;
- Part of the traffic lane of southbound Man Yiu Street near Lung Wo Road;
- Part of the traffic lanes of westbound Lung Wo Road between Tim Wa Avenue and Man Yiu Street;
- Part of the traffic lanes of northbound Fleming Road between westbound Convention Avenue and eastbound Lung Wo Road;
- Part of the traffic lanes of westbound Hung Hing Road near Fleming Road;
- The slip road of westbound Central - Wan Chai Bypass Tunnel leading to the exit of Lung Wo Road; and
- Part of the traffic lanes of westbound Convention Avenue near northbound Fleming Road.
B. Traffic diversions
In connection with the road closure as mentioned above, the following traffic diversions will be implemented:
(1) From 10am on April 4 to 0.59am on April 5 and 2.01pm on April 5 to 0.59am on April 6:
Traffic along eastbound Expo Drive heading to Hong Kong Convention and Exhibition Centre will be diverted via eastbound Lung Wo Road and northbound Expo Drive East.
(2) From 1am to 2pm on April 5 and from 1am to 6pm on April 6:
- Traffic along westbound Man Kwong Street heading to eastbound Lung Wo Road via southbound Man Yiu Street will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along eastbound Man Po Street heading to Admiralty or Mid-levels via eastbound Lung Wo Road will be diverted via the slip road of eastbound Man Po Street heading to westbound Finance Street, westbound Finance Street, temporary exit connecting Finance Street and Central - Wan Chai Bypass Tunnel, the slip road of westbound Central - Wan Chai Bypass Tunnel heading to eastbound Man Kat Street, eastbound Man Kat Street, eastbound Connaught Road Central and eastbound Harcourt Road;
- Traffic along eastbound Man Po Street heading to eastbound Lung Wo Road via eastbound Yiu Sing Street will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along eastbound Man Po Street heading to eastbound Lung Wo Road will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along southbound Man Yiu Street cannot turn left to eastbound Lung Wo Road and eastbound Yiu Sing Street. Vehicles will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along eastbound Man Cheung Street heading to eastbound Lung Wo Road will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along westbound Lung Wo Road cannot turn right to northbound Yiu Sing Street. Vehicles will be diverted via westbound Lung Wo Road and northbound Man Yiu Street;
- Traffic along eastbound Yiu Sing Street and southbound Yiu Sing Street heading to eastbound Lung Wo Road will be diverted via southbound Man Yiu Street, eastbound Connaught Place, southbound Connaught Place, eastbound Connaught Road Central, eastbound Harcourt Road, eastbound Gloucester Road and northbound Fleming Road;
- Traffic along northbound Legislative Council Road cannot turn left to westbound Lung Wo Road, vehicles will be diverted via southbound Legislative Council Road, eastbound Lung Wui Road, eastbound Fenwick Pier Street, roundabout, westbound Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central and northbound Connaught Place;
- Traffic along westbound Lung Wo Road heading to Chief Executive’s Office via southbound Tim Wa Avenue will be diverted via southbound Lung Tat Path, Convention Avenue, westbound Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central, u-turn, eastbound Connaught Road Central and northbound Tim Wa Avenue;
- Traffic along eastbound Lung Wui Road cannot turn left to northbound Lung Hop Street;
- Traffic along westbound Fenwick Pier Street cannot turn right to northbound Lung Hop Street. Vehicles will be diverted
via Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central and northbound Connaught Place;
- Traffic along westbound Convention Avenue heading to westbound Lung Wo Road via northbound Lung Tat Path will be diverted via Convention Avenue, Fenwick Pier Street roundabout, westbound Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central and northbound Connaught Place;
- Traffic along southbound Expo Drive East heading to westbound Lung Wo Road will be diverted via southbound Lung Tat Path, Convention Avenue, Fenwick Pier Street roundabout, westbound Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central and northbound Connaught Place;
- Traffic along westbound Hung Hing Road heading to westbound Lung Wo Road will be diverted to southbound Lung Tat Path, Convention Avenue, Fenwick Pier Street roundabout, westbound Fenwick Pier Street, flyover, westbound Harcourt Road, westbound Connaught Road Central and northbound Connaught Place; and
- Traffic along westbound Lung Wo Road heading to Central Pier or Finance Street via Yiu Sing Street will be diverted via westbound Lung Wo Road and northbound Man Yiu Street.
C. Suspension of parking spaces and pick-up/drop-off areas
All parking spaces and pick-up/drop-off areas on the following roads will be suspended:
(1) From 10am on April 4 to 6pm on April 6:
All metered parking spaces and pick-up/drop-off areas on Expo Drive.
(2) From 10pm on April 4 to 2pm on April 5 and from 10pm on April 5 to 6pm on April 6:
- All metered parking spaces on Yiu Sing Street and Lung Hop Street;
- Lay-bys on westbound Lung Wo Road near City Hall and near Central Barracks; and
- Lay-by on Edinburgh Place near City Hall.
All vehicles parked illegally during the implementation of the above special traffic arrangements will be towed away without prior warning, and may be subject to multiple ticketing.
The Police will implement the special arrangements depending on the prevailing traffic and crowd conditions. Motorists should exercise patience, and take heed of instructions of the Police on site.
