Hong Kong's new Police Commissioner Stephen Lo said on Monday that he will focus on fighting cybercrime and terrorism to maintain Hong Kong's safety and stability.

Lo took the new post on Monday.

Lo said at a press conference that the Hong Kong Special Administrative Region government has earmarked funding to establish a new Cyber Security and Technology Crime Bureau within the force, noting a rise in the number of cybercrimes in recent years.

He said he plans to boost training, equipment, investigation capabilities and overseas cooperation on cyber security as commissioner.

While there is no intelligence suggesting an immediate terrorist threat to Hong Kong, the city should be prepared, he stressed, adding that the police will boost intelligence gathering and exchange, as well as training and cooperation with international law enforcement agencies on counter-terrorism.

In his opening remarks, Lo pledged to do his best to ensure Hong Kong remains one of the safest and most stable societies in the world.

Retiring Police Commissioner Andy Tsang said he was confident Lo could lead the force in overcoming future challenges.

Tsang also urged protesters and politicians to obey the law while fighting for their political beliefs and rights.