Hong Kong to Launch HK$10B Tech Fund by 2027
On January 9, Hong Kong’s Innovation, Technology and Industry Bureau detailed its plan to establish a HK$10 billion “Innovation and Technology Industry Guidance Fund.” The fund is scheduled to launch in the 2026-27 fiscal year to channel private market capital into strategic sectors and advance the city's “new industrialization” goals. The initiative aims to build a competitive technology supply chain with distinct advantages unique to Hong Kong.
Manufacturing Sector Grew 7% to HK$82.2B in 2024
The new fund leverages recent positive momentum in Hong Kong's industrial economy. According to government data, the value added by the city's “Manufacturing and New Industrial Industries” rose 7% year-over-year in 2024 to HK$82.2 billion, accounting for 2.64% of local GDP. Since 2023, the bureau has already supported nearly 500 technology firms specializing in life sciences, AI, and robotics to establish or expand their presence in Hong Kong, encouraging them to use the city as a base for R&D and global expansion.
Government Halves Entry Barrier for Separate HK$10B Program
To complement the new fund, Hong Kong has also made it easier for companies to access its existing HK$10 billion “New Industrialisation Acceleration Scheme.” The government lowered the minimum project cost requirement from HK$300 million to HK$150 million, a 50% reduction intended to spur the development of more smart production facilities. These measures are designed to enhance Hong Kong's role within the “Shenzhen-Hong Kong-Guangzhou” innovation cluster, which was recently ranked as the top global innovation hub.
