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Another DAB vice-chairman, Lawmaker Holden Chow Ho-ding, lost his seat in Tung Chung South constituency. His nearest rival polled 1,430 additional votes.

Apart from chips, the domestic memory industry is also on the rise. At present, Samsung, Toshiba, SK Hynix and SanDisk hold a combined 85 percent share in the global flash memory market, and domestic brands only account for 8 percent. However, 70 percent of global demand for flash memory chips comes from domestic companies, so there is huge growth space for domestic chip makers.

Appeals court backs Harvard in race-bias case - World - Chinadaily.com.cn

Apart from providing an opportunity for enterprises across the world to enter the huge Chinese market, D'Andrea said the CIIE has been regarded as a great moment to announce new measures of reform and opening-up.

Apart from the company's key business areas, including oncology, tumor immunization and immuneregulation, the external innovation hub will also look into novel fields representing needs and orientations in the future, such as anti-infection, regenerative medicine and gene therapy modalities, she said.