Deep Tide TechFlow News. On April 13, the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government and the Cyberspace Administration of China signed the “Memorandum of Cooperation on Innovation and Technology Development,” to promote high-quality development of the digital economy by enabling digital economic development through technological innovation. The memorandum of cooperation covers key areas including artificial intelligence, cross-border data, and blockchain. The goal is to thoroughly implement the national “15th Five-Year Plan,” support Hong Kong in building an international innovation and technology hub, and drive the development of a new real economy with technological innovation as the main driving force. John Lee, Chief Executive of the Hong Kong SAR, said that Hong Kong will continue to deepen cooperation with the Cyberspace Administration of China and further promote the cross-border flow of data in the Guangdong-Hong Kong-Macao Greater Bay Area.