The Federation of Hong Kong Industries (“FHKI”) welcomed the launch of the Re-industrialisation Funding Scheme (the “Scheme”) by the Innovation and Technology Commission yesterday (27 July) to subsidise manufacturers’ establishment of new smart production lines in Hong Kong, as well as the appointment of FHKI Honorary President Mr Jimmy Kwok as Chairman, and FHKI Deputy Chairman Ms Karen Chan and newly-elected Deputy Chairman Mr Anthony Lam as non-official members of the Re-industrialisation Funding Scheme Vetting Committee.

FHKI Chairman Dr Daniel Yip said, “We are pleased to see the Government responding to the industry’s demands by rolling out the HK$2 billion Re-industrialisation Funding Scheme under the Innovation and Technology Fund. This Scheme will inject new impetus into the development of Hong Kong’s re-industrialisation and provide local manufacturers with more sufficient funds for upgrading and transformation. Considering the uncertain global and local economic outlook, the launch of the Scheme could not be more timely.”

Dr Yip added, “FHKI has for years spared no effort in advocating for Government policies and measures in support of industrial development. The launch of the Scheme has demonstrated that the Government attaches great importance to Hong Kong’s industries and the ‘Made in Hong Kong’ brand. Local traditional industries such as food processing are expected to benefit from the Scheme.”

To help members seize the opportunities of upgrading their business as early as possible, FHKI will promote the Re-industrialisation Funding Scheme through various channels, such as webinars to explain details of the Scheme.

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