Development of New Industrialisation
58. We actively steer local manufacturers towards smart manufacturing, which leverages technologies such as Internet of Things, real‑time data, application of data analytics, advanced human‑machine interfaces and robotics. The New Industrialisation Funding Scheme has supported over 120 new smart production lines, drawing in private investment of over $1 billion. Moreover, the New Industrialisation Acceleration Scheme aims to encourage enterprises to establish high‑end smart production facilities in Hong Kong. Four projects have been supported so far, involving a total investment of about $2.5 billion, of which more than 70 per cent is private investment.
59. The Government will launch the New Industrialisation Elite Enterprises Nurturing Scheme this year, supporting targeted high-growth enterprises contributing to the development of new industrialisation, with an aim of nurturing emerging and future industry enterprises in Hong Kong.
60. The Government is committed to implementing the Co‑operation Agreement on the Development of New Quality Productive Forces and the Promotion of New Industrialisation signed with the Ministry of Industry and Information Technology to promote industrial collaboration. We will earmark about $220 million for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland.
61. The pilot lines for R&D and trial production of third‑generation semiconductors of the Hong Kong Microelectronics Research and Development Institute will commence operation this year to facilitate local semiconductor R&D and upgrading of industries. Moreover, the New Industrialisation Acceleration Scheme has supported two enterprises developing semiconductor chip technology and equipment, with total investment of over $1.5 billion.
62. We are conducting a study on the medium- to long‑term development of new industrialisation in Hong Kong, including emerging and future industries. Our objective is to accelerate new industrialisation and the development of new quality productive forces in the city, enabling us to integrate into our country's overall planning of new industrialisation and inject new impetus into the economy.
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