Developing Industries

Innovation and Technology

Increase the funding allocated to the Hong Kong Growth Portfolio under the Future Fund to set up a $5 billion Strategic Tech Fund to invest in technology enterprises and projects which are of strategic value to Hong Kong
Earmark $10 billion to further promote the development of life and health technology
Double the subsidy amount to $440 million to strengthen support to the R&D activities of 16 State Key Laboratories and six Hong Kong Branches of Chinese National Engineering Research Centres in Hong Kong
Double the subsidy amount under the Technology Start-up Support Scheme for Universities to $16 million
Set up a Digital Economy Development Committee to accelerate the progress of digital economy
Earmark $600 million to conduct a comprehensive e-government audit

Increase the funding allocated to the Hong Kong Growth Portfolio under the Future Fund to set up a $5 billion GBA Investment Fund to focus on investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”)
Plan to issue no less than $15 billion of inflation-linked retail bonds (iBond), no less than $35 billion of Silver Bond and no less than $10 billion of retail green bonds in the next financial year
Explore ways to enhance the prospectus requirements, in order to make it easier for retail investors to participate in bond market
Examine the revision of the listing requirements to meet the fundraising needs of technology enterprises
Make preparation to allow stocks traded via the Southbound Trading of Stock Connect to be denominated in RMB
Explore enhancement measures for the Cross-boundary Wealth Management Connect Scheme in the GBA
Propose to provide tax concessions for the eligible family investment management entities managed by single-family offices
Continue to issue green bonds totalling about US$4.5 billion or equivalent, and enhance the Green and Sustainable Finance Grant Scheme
Implement a pilot scheme on infrastructure financing securitisation to offer infrastructure financing securitisation products with a total value of US$450 million
Allocate $10 million for launching a new round of the Fintech Proof-of-Concept Subsidy Scheme
Explore the introduction of more commercial data sources to the Commercial Data Interchange

Allocate $42 million for organising the Hong Kong Performing Arts Market designed for the performing arts industry
Allocate $40 million to facilitate the application and development of arts technology

Earmark $1.26 billion to support and develop the tourism industry, including to provide incentives to develop and launch tourism products, sponsor the training of practitioners, and support the work of the Hong Kong Tourism Board to revive the tourism industry

Allocate $135 million to the Hong Kong Trade Development Council for the introduction of the Support Scheme for Pursuing Development in the Mainland to facilitate Hong Kong people and entrepreneurs in seizing opportunities in the Mainland

Continue to develop sea-air cargo transhipment between the Hong Kong International Airport and the rest of the GBA
Explore concrete proposals to promote the development of “Smart Port” and propose to provide half-tax concession to attract more maritime enterprises to establish a presence in Hong Kong

Inject $1 billion to launch pilot schemes to support the development of the industry by adopting new technologies

Provide recurrent provision of around $90 million to InvestHK to strengthen its work on investment promotion
Organise a high-level Global Financial Leaders’ Investment Summit in Hong Kong, inviting representatives of Mainland and international financial institutions to attend to learn more about the unique advantages and investment environment of Hong Kong