Hong Kong to develop low-altitude sector blueprint as firms eye overseas expansion

AI Summary
Hong Kong is developing a blueprint for its low-altitude sector, focusing on cross-border electric vertical take-off and landing aircraft (eVTOL) for goods and passenger transport. Transport Minister Mable Chan announced the plan, highlighting Hong Kong's legal framework and financial status as advantageous for growth. The blueprint will prioritize safety, efficiency, and operational support, built on the "regulatory sandbox X" initiative and a firm legal foundation. Local industry players are partnering with mainland Chinese firms to explore Belt and Road markets, seeking overseas expansion opportunities. The government aims to educate the legislature on the technology, finance, and economic development aspects of this emerging sector.
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