Abstract
Abstract Hong Kong government's industrial policy is basically non-intervention. Its role in industrial development is mainly through the provision of infrastructural and development supports and investment promotion programmes. Industrial estate is used as a means for promoting industrial diversification and the development of high technology industries by leasing land to qualified industries at development cost which is substantially lower than the market price. Recently, Hong Kong is considering developing science parks to promote the development of high technology industries. Experience of science park development in other countries shows that the development of science park is not a necessary and sufficient condition for the development of high technology industries. There is a need for other supporting policies and programmes. Much financial, institutional, and policy commitments of the government are needed if high technology industries are to be developed in Hong Kong.
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