Hong Kong grants first cross-border data access to 10 AI, biotech firms in Northern Metropolis

Hong Kong Chief Executive John Lee announced a pilot scheme granting about 10 AI and biotech companies early cross-border data access in the Northern Metropolis tech hub, ahead of ~100 other firms. This marks a concrete step in facilitating data flows between Hong Kong and mainland China, though details on data categories and security protocols remain unclear. The move signals Hong Kong's push to attract tech firms by easing data restrictions, potentially boosting its competitiveness as a regional tech hub.