Strong government support
Developing Hong Kong into an international I&T hub is high on the agenda of the HKSAR Government. Ample funding and policy support have been lined up to accelerate the city’s I&T development. In the past five years, the current-term Government has unprecedentedly invested over HK$150 billion* to support I&T development since 2018 for I&T development, and spearheads the "InnoHK Research Clusters" initiative with more than HK$20 billion funding to further promote the development of life science and artificial intelligence and robotics, the strategic fields that Hong Kong enjoys clear advantages. Policy measures have been introduced to fast-track admission of overseas and Mainland R&D talent into Hong Kong, via programmes such as the Technology Talent Admission Scheme and the Research Talent Hub. The government vows strong ongoing support to realise the vision of fostering Hong Kong as an international I&T hub, as envisaged in China’s 14th Five-Year Plan.
*Source:LCQ5: Promoting development of innovation and technology (25 May 2022)