The Hong Kong government relaxes funding thresholds and establishes a HKD 10 billion fund to accelerate new industrialization

The Permanent Secretary for Innovation and Technology and Industry, Tsai Chih-Ming, stated earlier at the Business Summit Forum in Nansha that Hong Kong is actively promoting new industrialization and aligning with the national "14th Five-Year Plan" to play the role of an international innovation and technology center.

He pointed out that the policies implemented by the government over the past three years have shown results, with the value added of Hong Kong's "manufacturing and new industrial sectors" reaching HKD 82.2 billion in 2024, an increase of 7% year-on-year. To further promote industrial development, the bureau has relaxed the application threshold for the "New Industrial Acceleration Program" and is preparing to establish a HKD 10 billion "Innovation and Technology Industry Guidance Fund" to guide market funds to invest in strategic emerging industries