High Quality Development

Digital Economy

Conduct a feasibility study on the development of an Artificial Intelligence Supercomputing Centre
$500 million earmarked to launch a Digital Transformation Support Pilot Programme, to assist SMEs in applying ready-to-use basic digital solutions
$200 million to enhance the operation of the “iAM Smart” platform to improve user experience
Propose to provide tax deduction for the spectrum utilisation fees paid by telecommunications network operators which successfully bid for radio spectrum

$50 million to expedite development of the Web3 ecosystem
Set up a task force to advise on the sustainable development of the virtual asset industry

Set up a Green Technology and Finance Development Committee to formulate an action agenda covering green technology, green finance, green standard certification, etc.
Organise an International GreenTech Week

Introduce a mechanism to provide facilitation for companies domiciled overseas for re-domiciliation to Hong Kong
Introduce a new Capital Investment Entrant Scheme: applicants may reside and pursue development in Hong Kong after making investment at a certain amount in the local asset market, excluding property

$6 billion for universities and research institutes to set up thematic research centres related to life and health technology
$3 billion earmarked to enhance basic research in frontier technology fields such as artificial intelligence and quantum technology
Establish a Microelectronics Research and Development Institute to enhance collaboration among universities, R&D centres and the industry, expediting "1 to N" transformation
Over $260 million reserved for Cyberport to nurture smart living start-ups
HKSTPC will inject $400 million into its Corporate Venture Fund and inject an additional $110 million to launch the Co-acceleration Programme
Conduct a feasibility study on setting up the second Advanced Manufacturing Centre

Plan to issue no less than $50 billion of Silver Bond and $15 billion of retail green bonds in the next financial year
Plan to earmark a certain proportion of the future issuances of Government green bonds and infrastructure bonds for priority investment by MPF funds
Provide $100 million to InvestHK to attract more family offices to Hong Kong
Explore use of Hong Kong’s Faster Payment System and Thailand’s PromptPay by visitors from the two places for local payment
Review the development potential and prospects of tokenised bond issuance
Extend the Pilot Insurance-linked Securities Grant Scheme for 2 years
Continue to explore with the Mainland on expansion of mutual market access and enhancement arrangements
Introduce a listing regime for advanced technology companies in the first quarter of 2023
Put up specific reform recommendations on GEM for stakeholder consultation

Press ahead with the “Airport City” development strategy
Enhance the aircraft leasing preferential tax regime to attract aircraft leasing companies to establish presence in Hong Kong

Set up a task force to further promote the development of Hong Kong's high-end maritime services and put forward an action plan
$20 million reserved to expedite strategic studies and exchanges of the high-end maritime service industry, and expand the scale of the Hong Kong Maritime Week

Provide an additional funding of $550 million to the Hong Kong Trade Development Council to assist enterprises in opening up markets
Inject $500 million into the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) and expedite the processing of applications
Allocate $100 million to the Hong Kong Productivity Council to strengthen assistance for SMEs in applying for government subsidies

Introduce a “patent box” tax incentive to encourage the I&T sector to create more patented inventions
Provide additional $10 million to the Intellectual Property Department to employ and nurture patent examiners

Allocate more than $150 million to support Hong Kong artists in taking part in performances and productions in the GBA, and to organise the GBA Culture and Arts Festival in 2024
Inject $500 million into the CreateSmart Initiative to support the creative industries