ML: It should take SMBs--the majority of Hong Kong's business community--seriously. For instance, the bureau should speed up the endorsement of the use of e-bills and e-checks--these will benefit SMBs. We are so behind--we can no longer rest on our Octopus () laurels.

The bureau must also work on a city cloud and datacenter land supply. Without a long-term land supply policy, Hong Kong can't become a regional datacenter hub. I can assure you that factory buildings can't satisfy datacenter requirements. China Construction Bank needs to rent another floor for its datacenter in a Sha Tin factory building for more power supply. For top-tier datacenters, dual-power sources is a must--this we can get from China.

KW: The TCB can create a system to drive innovation by encouraging tech entrepreneurship and creating job opportunities.

To develop successful tech entrepreneurs, we need a system that helps prioritize and review R&D funding. Although the government plans to increase research funding from 0.73% of our GDP to 0.8%, the number is still much smaller than those in countries like China where funding will see a hike from 1.7% of GDP to 2.2% by the end of the 12th Five-Year plan period.

In addition, we need to shift our funding focus from basic scientific research to engineering and application projects--more commercially viable products are likely to come from these.