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Budget Speech

Promote Research and Development

62. We have been actively promoting R&D in the past few years.  There are 16 State Key Laboratories and six Hong Kong Branches of Chinese National Engineering Research Centres in Hong Kong.  They all possess high‑level scientific research teams and equipment, and many of them enjoy global leading positions in their areas of expertise.  Currently, these institutions are receiving an annual subsidy under the ITF.  I announce that the amount of subsidy be doubled to HK$440 million so that they can have more resources to conduct R&D activities, nurture local talent as well as attract more local and overseas I&T talent, and further their co‑operation and exchanges with institutions in the Mainland.



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