The Economic Development Commission and its four working groups were set up in Hong Kong, the city's Commerce and Economic Development Bureau said here on Thursday, adding the chief executive will appoint its members.

The Commission comprises the Working Group on Transportation, the Working Group on Convention and Exhibition Industries and Tourism, the Working Group on Manufacturing Industries, Innovative Technology, and Cultural and Creative Industries, and the Working Group on Professional Services.

It will have 22 non-official members and four ex-officio members, who are the financial secretary, the secretary for Commerce and Economic Development, the secretary for Development, and the secretary for Transport and Housing.

Its terms of reference include providing visionary direction and advice to the government on the overall strategy and policy to broaden Hong Kong's economic base and enhance economic growth and development.

It will explore and identify growth sectors, or clusters of sectors, which present opportunities for Hong Kong's economic growth, and recommend policy and other support for these industries.

Hong Kong's Chief Executive CY Leung said in his maiden Policy Address on Wednesday that the Commission would be established soon.