Cultural and Creative Industries
53. To improve
's competitiveness, creativity is important.
Ideas and innovations can improve production
efficiency and bring about added convenience, and in
some cases can change entire industries and even society
as a whole. Individuals
and corporations in
are putting their heads together to explore new products
and services, and searching for breakthroughs in their
business methods. In
such fields as design, research and development, culture
and the arts, media, advertising, or even management,
consulting, engineering and health care, we have an
abundant supply of creative people.
Thanks to their efforts,
has become an efficient city with a rich culture and its
developments are multi-faceted.
The Government will make
every effort to support and facilitate the development
of our cultural and creative industries.
We are, for example, extending the Film Guarantee
Fund so that it may continue to underwrite film
production and encourage banks and other lending
institutions to participate in film financing.
We have also earmarked funding for projects such
as manpower training, which are conducive to the general
development of the film industry.
In last year's Budget, I proposed the $250
million DesignSmart Initiative.
This was launched in June last year, with the
objectives of strengthening support for design and
innovation and promoting their wider use in industries
to help them move up the value chain.
In addition, we will provide funding to the Hong
Kong Science and Technology Parks Corporation and the
Hong Kong Design Centre for the joint development of a
one-stop centre which aims to encourage the creation and
clustering of high value-added activities among design
professionals and companies, and will provide incubation
services for the latter.
The one-stop centre will be located in Kowloon
Tong and is expected to come into operation this year.