Resource Centre

The novel coronavirus epidemic has brought exceptional challenges to Hong Kong. The HKSAR Government has responded to the needs of the public and the society in an unprecedented manner. Our objectives are: first, to help businesses stay afloat; second, to keep workers in employment; third, to relieve financial burdens of individuals and businesses; and fourth, to assist the economy to recover once the epidemic is contained.

The Government has launched a few rounds of measures to assist the affected industries and the public, including: 
1. The first round of the $30 billion Anti-epidemic Fund approved by the Legislative Council on 21 February 2020
2. The $120 billion relief package in the 2020-21 Budget announced by the Financial Secretary on 26 February 2020
3. The second round of the $137.5 billion Anti-epidemic Fund measures approved by the Legislative Council on 18 April 2020
4. The third round of $24 billion Anti-epidemic Fund and other measures announced on 15 September 2020
5. An injection of $6.4 billion into the Anti-epidemic Fund approved by the Legislative Council on 21 December 2020

The Hong Kong Government spares no effort in promoting I&T development. With a commitment of over HK$100 billion, it has stepped up funding support for I&T development by developing I&T infrastructure, promoting research and development (R&D), pooling talent, support enterprises and promoting re-industrialisation.

Hong Kong Science and Technology Parks Corporation (HKSTP) empowers the innovation and technology ecosystem in Hong Kong through a host of strategic initiatives, bridging innovators with various stakeholders while building the city’s largest R&D base to turn ideas into market-ready solutions. Since 2002, HKSTP has cultivated successful Innovation and Technology (I&T) companies, formed strong local and international partnership networks and created a thriving community within the area. 

Wholly owned by the HKSAR Government, the Hong Kong Cyberport Management Company Limited Hong Kong managed Cyberport, which is an innovative digital community with over 1,500 startups and technology companies. With a vision to be the hub for digital technology thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting startups on their growth journey, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital adoption in the public and private sectors.

The Hong Kong Government is committed to supporting startups and SMEs to help realise their vision and take their business to the next level. Find out more about support services provided by various government departments and statutory bodies.

Financial regulators in Hong Kong have set up three supervisory sandboxes to enable financial institutions to conduct pilot trials of innovative applications, enabling them to obtain real market data and information on user experience before the launch of any formal product, thereby reducing development time and costs.

The Government has launched two major initiatives to encourage startups and SMEs to put forward innovation solutions in I&T and engineering areas to enhance the quality and efficiency of public services.