Vetting Committee supports three applications under New Industrialisation Acceleration Scheme
The Innovation and Technology Commission announced today (September 3) that the New Industrialisation Vetting Committee (the Vetting Committee) under the Innovation and Technology Fund has supported in principle three applications submitted by Huayao International Co., Limited (a subsidiary of Jiuhua Huayuan Pharmaceutical Co., Ltd), HKIC International Technology Limited, and Hong Kong Smart Construction Industry Park Limited (a subsidiary of China State Construction International Holdings Limited) respectively under the New Industrialisation Acceleration Scheme (NIAS).
Huayao International Co., Limited plans to set up production lines for health supplements, with an estimated total investment exceeding $240 million and an expected NIAS funding amount of around $80 million. HKIC International Technology Limited plans to set up a production line for semiconductor memory modules and storage devices, with an estimated total investment of over $210 million and an expected NIAS funding amount of around $70 million. Hong Kong Smart Construction Industry Park Limited plans to set up processing facilities for steel rebar prefabrication and Multi-trade integrated Mechanical, Electrical and Plumbing (MiMEP), with an estimated total investment of nearly $390 million and an expected NIAS funding amount of around $130 million.
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, Photo source: reference image
The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, "The Government of the Hong Kong Special Administrative Region (HKSAR) actively promotes the development of industries of strategic importance and provides support for enterprises to set up new smart production facilities in Hong Kong through the NIAS. The Vetting Committee supported three projects this time, covering the sectors of life and health technology as well as advanced manufacturing, which demonstrates our commitment to advancing the development of new industrialisation in Hong Kong. The HKSAR Government will continue to adopt a multi-pronged approach to foster a more vibrant ecosystem for industries, thereby opening up new space for high-quality development of Hong Kong."
The NIAS aims to provide funding support on a 1 (Government): 2(enterprise) matching basis for enterprises engaging in industries of strategic importance (i.e. life and health technology, AI and data science, advanced manufacturing and new energy technologies) and contributing no less than $100 million to set up new smart production facilities in Hong Kong. Each enterprise can receive up to $200 million of funding. In addition, the Government also provides additional funding for relevant enterprises to engage research talents and/or technical personnel.
Photo source: design image
The NIAS is open for applications throughout the year. Details are available on the website of the Innovation and Technology Fund (www.itf.gov.hk). For enquiries, please contact the Secretariat of the scheme (Tel: 3543 5904; email: enquiry@itf.gov.hk).
SEE begins visit to Beijing
The Secretary for Environment and Ecology, Mr Tse Chin-wan, began his visit to Beijing. He met with officials of the Ministry of Ecology and Environment (MEE) and the General Administration of Customs of the People's Republic of China (GACC), and visited facilities of the State Grid Corporation of China (State Grid), the Science and Technology Research Center of China Customs and a food enterprise in Beijing yesterday (September 8) and today (September 9).
Yesterday morning, Mr Tse met with Vice Minister of the MEE Mr Li Gao and had in-depth exchanges on the work of the Environment and Ecology Bureau (EEB) in environmental protection, including projects related to carbon neutrality and green transformation in the Hong Kong Special Administrative Region (HKSAR), as well as the work progress of building a pilot zone for a Beautiful China in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), "Beautiful Bays", "Zero Waste Bay Area" and Green Belt and Road.
Mr Tse said that the HKSAR will further promote green living and green and low-carbon transition, strengthen ecological and environmental protection, build a green and livable city, as well as advance new energy, green technology and innovative applications. The HKSAR will also capitalise on its unique advantages of having strong support of the motherland and being closely connected to the world under the "one country, two systems" principle, and actively integrate into the country's overall development.
He added that the HKSAR Government will, as always, under the guidance and leadership of the MEE, work with other GBA cities to continuously promote policy innovation and technical exchanges, play well the roles of "super connector" and "super value-adder" connecting the Mainland and international markets, and contribute to building a Beautiful China and a Beautiful Hong Kong, in order to achieve national green transition and high-quality economic development.
Afterwards, Mr Tse visited the State Grid Simulation Center, the State Grid Center of Metrology and the State Key Laboratory of Renewable Energy Grid-Integration of the State Grid, and was briefed by the State Grid representatives on key technologies on power grids, electricity meters and research outcomes of renewable energy grid integration.
This morning, Mr Tse visited a food enterprise in Beijing to learn about its standardised production, quality traceability system and experience in product exports.
In the afternoon today, Mr Tse met with Vice Minister of the GACC Mr Zhang Baofeng. Both sides signed the Memorandum of Understanding between the General Administration of Customs of the People's Republic of China and the Environment and Ecology Bureau of the Hong Kong Special Administrative Region Government on the Registration and Administration of Manufacturers of Food Import and Export (the MOU). Under the MOU, the GACC and the EEB will co-operate on the batch registration of manufacturers for food exported from Hong Kong to the Mainland and food supplied to Hong Kong from the Mainland. They will also strengthen exchanges on safety supervision policies and regulations for manufacturers of food imports and exports, and provide timely updates regarding laws and regulations, regulatory procedures, technical standards, and hygiene requirements concerning the management of overseas manufacturers of food imports and exports, thereby safeguarding food safety in both Hong Kong and the Mainland.
Mr Tse then visited the Science and Technology Research Center of China Customs to be briefed on the Center's testing work and technology regarding food safety and discuss scope for future co-operation. He also met with representatives of a state-owned enterprise with its core business in modern agriculture and agri-food trade.
Mr Tse will attend the Asia-Pacific Forum on EnergySustainable Development and the Asia-Pacific Economic Cooperation Energy Ministerial Meeting tomorrow (September 10) and on September 11.
SEE begins visit to Beijing Source: HKSAR Government Press Releases
SEE begins visit to Beijing Source: HKSAR Government Press Releases
SEE begins visit to Beijing Source: HKSAR Government Press Releases
SEE begins visit to Beijing Source: HKSAR Government Press Releases
SEE begins visit to Beijing Source: HKSAR Government Press Releases
