Terry Wong Ping-sau Named New CEO of Hong Kong Science and Technology Parks Corp

• HKSTP appoints Terry Wong Ping-sau as CEO from August 1, succeeding Albert Wong after nine years.
• Wong brings 30 years' global leadership experience, including roles at NEOM and MTR, to drive tech innovation.

Terry Wong Ping-sau has been appointed CEO of the Hong Kong Science and Technology Parks Corp (HKSTP), resuming his position after nine years to lead the organization forward in the face of technological advances.

Wong will replace Albert Wong Hak-keung on August 1, according to a company statement released on Monday. He will bring 30 years of global executive leadership experience, having held senior management positions in Asia-Pacific, the Middle East, Europe, and the United States, it said.

He most recently led the regional and urban mobility sectors at NEOM, Saudi Arabia's flagship smart city development worth $500 billion, where he was responsible for strategic planning, investment, delivery, and operations. He previously worked at MTR for a decade, as well as in the oil and banking industries.

"Wong's extensive international experience, profound financial acumen, and leadership in infrastructure, innovation, and technological development position him exceptionally well to guide [us] in charting our next chapter," said HKSTP chairman Sunny Chai.

His ability to navigate both East and West "will be critical as we strengthen Hong Kong's unique role as a hub for global innovation," Chai added.

Hong Kong has increased its efforts to develop its technology ecosystem and generate global interest in its tech companies as it strives to become a cutting-edge technology hub.

The HKSTP ecosystem provides comprehensive support to technology ventures seeking to attract and nurture talent, as well as accelerate and commercialise innovation. It manages the Science Park in Pak Shek Kok, the InnoCentre in Kowloon Tong, and the InnoParks in Tai Po, Tseung Kwan, and Yuen Long. Its Shenzhen branch in Futian connects the world to mainland China and strengthens cross-border exchange, providing advantages in attracting global talent.

Albert Wong, HKSTP's CEO since 2016, will step down on July 31. He worked for global conglomerates such as PerkinElmer, Emerson, Caterpillar, Schlumberger, and GE in the United States, Asia, and mainland China for more than four decades.

Also Read: HKSTP European Innovation Mixer: Connecting Hong Kong with 1,000+ Global Tech Talents

"Over nine transformative years, Albert increased HKSTP's impact through landmark initiatives that strengthened our ecosystem to attract global tech ventures and talent, facilitate world-class research and development, and enable capacity to serve the future," Chai stated.