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Choy's words came after the company inked partnerships with Baidu Exchange Services, iQiyi, Tencent Social Ads and Youku, the country's top streaming video platforms, on Wednesday.
Chinese stocks plunged on Thursday, with the benchmark Shanghai Composite Index down 2.75 percent, at 2,976.53 points.
Chow estimated that China will surpass South Korea in market size in 2020, and Hong Kong should seize the opportunity to become a leading e-sports hub in Asia.
Chinese tech firms such as Midea Group and Ecovacs Robotics are also eyeing the high-end robotic vacuum cleaner market and beefing up efforts in the research and development of cutting-edge intelligent navigation technology.
Citing an 11.5-percent year-on-year increase in profits of major industrial firms in June, Wang said it is clear that a considerable part of the growth is due to direct or indirect effects of the tax and fee cuts.
