Budget Speech

Encouraging Creativity and Innovation

Create Hong Kong

102.      Create Hong Kong was set up last year to support local creative industries. Apart from continuing to tap the Mainland market through CEPA, it will explore strategies to promote the development of creative industries. Further support to this sector will come from the revitalisation of the former Hollywood Road Police Married Quarters, which will be converted into a centre for promoting creative industries. We will invite proposals from interested organisations shortly.

103.      The $300 million CreateSmart Initiative launched last June was well received by the industry. Some projects approved under the scheme have provided our young people with job opportunities to give play to their creativity. Highly resourceful and in tune with world trends, young people in Hong Kong enjoy a competitive edge in creative industries. I hope that the industry and our young people will make good use of the scheme and contribute to the development of creative industries in Hong Kong.

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