Financial Secretary Paul Chan on Sunday said Hong Kong must step up efforts in nurturing talent to boost its productivity and creativity.

Writing on his blog, Chan said officials will provide more vocational training opportunities for youngsters to equip them with the necessary skills and enhance their competitiveness.

"A sufficient supply of talent is the key to sustainable social and economic development. Cultivating talent and improving the skill level of the labour force are fundamental to maintaining productivity and creativity," he wrote.

The finance chief added that while technological advancement, such as big data and artificial intelligence is disrupting traditional jobs, it is also creating new opportunities.

Chan also vowed to provide more support for youngsters who want to switch careers and improve their income, adding that more will be done to drive the city's high-quality development.