Policy Address

Accelerate the Development of New Industrialisation

151. The Government (the ITIB) will provide industry-ready use cases and adopt the "scenario-based investment promotion" approach. It will also facilitate leading or influential I&T companies to develop businesses in Hong Kong. Relevant measures include:

1. Expedite the development of the third InnoHK research cluster, with the focus on sustainable development, energy, advanced manufacturing and materials. The R&D centres under the cluster will be established in the first half of 2026.

2. Relax the application threshold for the New Industrialisation Acceleration Scheme by lowering the minimum total project cost from $300 million to $150 million and providing funding on a matching basis for the employment of relevant technical personnel, encouraging the establishment of more smart production facilities. We will also consider providing necessary support measures for individual enterprises.

3. Launch the I&T Industry-Oriented Fund in 2026-27. The Government will endeavour to channel market capital to invest in emerging and future industries of strategic importance.