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Developing Industries

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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

Financial Services

  • 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

Arts and Culture

  • 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

Aviation and Maritime

  • 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

Agriculture and Fisheries

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

Investment Promotion

  • 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

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