文：韦亚军 目前港府正在甄选基金经理，以期基金年内开始运作。 2026年2月25日，香港特区政府公布2026-2027财政年度特区政府财政预算案，财政司司长陈茂波在介绍财政预算案时表示，香港特区政 府还将推出100亿元"创科产业引导基金"。 在投资方向上，该基金主投人工智能与数据科学、生命健康科技、先进制造与新能源科技等前沿领域。 在具体运作上，基金依托政府与业界配对出资，每3港元民间资金获配1港元政府资金，每个基金政府出资1.5亿至2.5亿港元。 2、新资本投资者入境计划投资组合（30亿港元+） 按公开报道的说法是，该基金"2025年资金组别总规模至少30亿港元"。管理机构为香港投资管理有限公司，即港投公司。 据悉，该基金将引导市场资本投资生命健康技术、AI与机器人、未来产业等策略性新兴领域。目前港府正在甄选基金经理，以期基金年 内开始运作。 据PE星球了解，该基金去年就已经开始筹备，2025年内已正式启动。管理机构为香港创新科技及工业局、创新科技署。 基金采用Fund of Funds架构，政府作为有限合伙人（LP）投资子基金，以每3港元社会资本撬动1港元政府资金，预计可撬动数百亿至千 亿港元社会资本。 ...

香港科技大学(简称"科大")校长叶玉如表示，非常期待财政预算案中提到的"创科产业引导基金"能在年 内正式启动，相信这一基金将有效推动《香港创新科技发展蓝图》中的各项重大部署落地实施。 科大首席副校长、香港生成式人工智能研发中心(HKGAI)主任郭毅可表示，HKGAI作为香港AI生态的 推动者，非常认同财政预算案中提出的"全民AI培训"理念，将持续推出切合市民所需的AI应用服务，达 致全民善用AI的愿景。 中新社香港2月25日电 (记者 戴小橦)香港特区政府25日公布新一份财政预算案，"创科驱动"成为贯穿其 中的核心关键词。香港创科界人士在接受中新社记者采访时认为，相关推动创科产业发展的政策举措务 实有力，将为香港国际创新科技中心建设注入持续动能。 香港特区政府财政司司长陈茂波发表2026/2027财政年度特区政府财政预算案。中新社记者 陈永诺 摄 香港科学院及香港青年科学院表示，财政预算案中推出多项有利推动香港创科与经济高质量发展的措 施，与国家"十五五"规划同频发展，助力香港汇聚全球顶尖研发团队与高端科技人才，让创科成为香港 未来发展的新引擎。 香港科技园公司主席查毅超称，香港科技园公司定将积极融入国家发展 ...

Core Viewpoint - The article discusses a significant capital migration in Asia, highlighting the shift of wealthy individuals from Singapore to Hong Kong due to stricter regulations in Singapore and more favorable conditions in Hong Kong [3][5][20]. Group 1: Wealth Migration Trends - In 2025, Hong Kong is projected to have 114 new listings, raising HKD 286.3 billion, surpassing Nasdaq's HKD 205.2 billion, making it the world's leading IPO market [2][38]. - Singapore is experiencing a decline in the number of millionaires, with a forecasted net inflow of only 1,600 millionaires in 2025, down from 3,500 in 2024 [4]. - The number of high-net-worth individuals in Hong Kong has surged to 17,215, marking a 22.9% increase, the fastest globally [6][7]. Group 2: Regulatory Changes in Singapore - A major money laundering scandal in Singapore has exposed vulnerabilities in its financial system, prompting the government to implement stringent reforms [10][12]. - New regulations have increased scrutiny on family offices and foreign funds, making it more challenging for wealthy individuals to establish and manage their assets in Singapore [15][17]. - The regulatory environment has become less appealing, leading to a significant outflow of capital and wealthy individuals seeking more favorable conditions elsewhere [19][20]. Group 3: Hong Kong's Competitive Advantage - Hong Kong's government has actively promoted policies to attract family offices and international capital, including tax incentives and streamlined processes for high-net-worth individuals [25][26]. - The number of single-family offices in Hong Kong has exceeded 2,700, significantly outpacing Singapore's 1,400 [26]. - Hong Kong's financial services sector boasts a larger pool of professionals, enhancing its attractiveness as a wealth management hub compared to Singapore [28][30]. Group 4: Future Outlook - The competition between Hong Kong and Singapore will continue to shape the landscape of Asian wealth management, with both regions striving to offer the best combination of certainty, privacy, and returns [46]. - As Hong Kong enhances its position as a financial center, it is expected to attract more international capital, especially as geopolitical tensions persist [30][41].

Core Viewpoint - The Hong Kong Science and Technology Innovation Park in the Lok Ma Chau Loop will officially open on December 22, marking a significant milestone in the development of the area and the national "14th Five-Year Plan" [1][2] Group 1: Development and Infrastructure - Over 60 companies and institutions from various sectors, including life sciences, microelectronics, new energy, and artificial intelligence, have signed leases to establish a presence in the Lok Ma Chau Loop [1] - The first phase includes three completed buildings: two wet laboratory buildings and one talent apartment, with five additional buildings under construction, aiming for completion by 2027 [1] - The total estimated development cost for the remaining construction is at least HKD 200 billion, indicating a need for market participation alongside government investment [1] Group 2: Strategic Importance - The Lok Ma Chau Loop is described as a "special zone within a special zone," serving as an optimal location for experimentation and reform [2] - The collaborative development of the Lok Ma Chau Loop and the San Tin Technological City will clarify Hong Kong's development pattern of "Southern Finance and Northern Innovation" [2] - The park is expected to achieve orderly completion by 2030 and form a comprehensive development pattern by 2035, fostering a vibrant innovation ecosystem [2]

Core Insights - The Hong Kong government has released the "New Tin Technology City Innovation and Technology Industry Development Planning Concept Outline," outlining the vision, goals, and positioning for the development of 210 hectares of new innovation and technology land [1][2] - Upon full operation, New Tin Technology City is expected to contribute at least HKD 250 billion annually to Hong Kong's GDP and create over 300,000 related full-time jobs [1] - The development aims to establish a new industrial layout in Hong Kong, focusing on "South Finance, North Innovation and Technology," with New Tin Technology City positioned as a core driver for innovation and technology development [1][2] Land Use and Industrial Development - New Tin Technology City will be divided into three hubs and three industrial development zones, including the He Tao Hub, Zhou Tou Hub, and Qi Lin Hub, along with development zones for life and health technology, artificial intelligence and robotics, and microelectronics and advanced industries [2] - The government aims to integrate the new innovation and technology land with the complete industrial supply chain of the Guangdong-Hong Kong-Macao Greater Bay Area, facilitating the transformation of research results from the He Tao Hong Kong Park into industrial applications [2] - The strategic mission of New Tin Technology City is to drive Hong Kong's future economic transformation and respond to national expectations, playing a key role in the broader national development agenda [2]

Core Insights - The Hong Kong government announced the "New Territories Science City Innovation and Technology Industry Development Planning Concept Outline," outlining a clear development strategy for a 210-hectare area dedicated to innovation and technology [1][2][4] - The New Territories Science City is projected to contribute approximately HKD 250 billion annually to Hong Kong's GDP and create over 300,000 full-time jobs once fully operational [4] Development Strategy - The concept outline includes phased development plans, industry positioning, and resource allocation strategies to guide market investment [2][3] - The area is strategically located near the Lok Ma Chau Loop and the Hong Kong-Shenzhen Innovation and Technology Park, enhancing its connectivity with the Greater Bay Area [2][3] Industry Focus - The New Territories Science City will support strategic industries outlined in the "Hong Kong Innovation and Technology Development Blueprint," including life and health sciences, artificial intelligence, microelectronics, and green technology [3] - The development will be structured around three hubs and three industry development belts, facilitating a comprehensive ecosystem for innovation [3] Economic Impact - The project is expected to play a crucial role in transforming Hong Kong into an international innovation and technology center, aligning with national development plans [4] - The integration of upstream and downstream industries will provide a full chain of support for the innovation sector, enhancing economic growth and job creation [4]

Core Insights - The Hong Kong Innovation and Technology Commission has announced the launch of a HKD 10 billion "Innovation and Technology Industry Guidance Fund" which is now in the public selection phase for fund managers [1][3] - The fund aims to align with the national "patient capital" development strategy and promote efficient collaboration among government, industry, academia, research, and investment [1] - The fund will focus on five key investment themes: life and health technology, artificial intelligence and robotics, semiconductors and smart devices, digitalization and upgrading transformation, and future and sustainable development [1] Fund Structure and Requirements - The government will select qualified professional fund managers to establish one or more sub-funds under each investment theme, with each sub-fund targeting a minimum size of HKD 2 billion, and an overall target size of no less than HKD 40 billion for all sub-funds [3] - Sub-funds must meet three core investment requirements: 100% of the fund size must be invested in enterprises related to Hong Kong's innovation and technology industry and its industrial chain; at least 50% must be invested in local Hong Kong enterprises or non-Hong Kong enterprises planning to operate in Hong Kong; and at least 25% must be used by the investment targets to establish and operate production bases in Hong Kong during the investment period [3] - The government aims to attract a certain number of strategic investors, each contributing no less than HKD 3 billion, to invest alongside the government in the various sub-funds [3]

Core Viewpoint - The Hong Kong government will announce the development plan for the Northern Metropolis New Tin Technology City, focusing on innovation and technology industries, with an emphasis on life sciences, robotics and AI, new energy materials, and green technology [1] Group 1: Development Focus - New Tin Technology City will primarily focus on innovation and technology industries, targeting sectors such as life health, robotics and artificial intelligence, new energy materials, and green technology [1] - The development will emphasize product prototyping and small-scale production, tailored to Hong Kong's unique characteristics [1] Group 2: Development Phases - The government plans to develop New Tin Technology City in five phases, based on the timing of land release and industry entry [1] - Three hubs will be established as core areas, with a development model referencing the Science Park approach, including the establishment of a platform company for management [1] Group 3: Strategic Positioning - New Tin Technology City's positioning differs from the Lok Ma Chau Loop and other technology parks in Hong Kong, focusing on advanced manufacturing as the core industry [1] - The aim is to establish a comprehensive innovation and technology industry system in Hong Kong, providing ample land for large-scale production, while the Lok Ma Chau Loop primarily focuses on research and development [1]

Core Viewpoint - The Hong Kong government is actively attracting key and leading technology enterprises from both domestic and international markets to develop in Hong Kong, leveraging its international and highly market-oriented advantages to expand local and overseas business [1][2]. Group 1: Government Initiatives - The Hong Kong government has established a clear technology industry promotion policy focusing on strategic industries such as life and health technology, artificial intelligence and robotics, advanced manufacturing, and new energy technology [1]. - Three major funding initiatives totaling HKD 10 billion have been proposed, including the "Industry-Academia-Research 1+ Plan," the New Industrial Acceleration Plan, and the upcoming Technology Industry Guidance Fund [1][3]. - The government encourages collaboration between local and international enterprises and offers various support programs, including matching grants of up to HKD 200 million for companies intending to set up new smart production lines or facilities [2]. Group 2: Growth of the Innovation and Technology Ecosystem - The number of innovation and technology startups in Hong Kong has increased from approximately 1,000 a decade ago to nearly 4,700 last year [2]. - In 2023, the value added by Hong Kong's manufacturing and new industrial sectors rose by 7.6% compared to the previous year, accounting for 2.6% of the local GDP [2]. - The upcoming Innovation and Technology Accelerator Pilot Scheme will provide funding to professional startup service organizations to establish accelerator bases in Hong Kong, supporting startups to grow and enhance their global presence [3]. Group 3: Talent and Resource Development - Hong Kong is actively attracting innovation and technology talent through various programs, including a research talent pool initiative and technology training programs [3]. - The introduction of the HKD 10 billion Technology Industry Guidance Fund aims to strengthen market investment in designated strategic emerging and future industries, facilitating the establishment of a competitive innovation and technology industry chain [3]. - The upcoming opening of the Heung Yuen Wai Hong Kong Park and the planning of new technology zones in the Northern Metropolis will create favorable conditions for gathering international innovation and technology resources and talent [3].

Group 1: Economic Development and Policy - The Northern Metropolis is identified as a new engine for Hong Kong's economic development, with plans to enhance decision-making and streamline administrative processes to achieve construction goals of safety, cost reduction, and efficiency [1] - The Hong Kong government aims to promote industrial restructuring by consolidating traditional industries like finance and law while fostering emerging sectors such as advanced manufacturing, life sciences, new energy, artificial intelligence, and data science [1] - Special legislation will be established to accelerate the development of the Northern Metropolis [1] Group 2: Corporate Expansion and Investment - JD Group is one of the key enterprises expanding its business in Hong Kong, with its team growing from 1 to 2000 members, and plans to reach 10,000 in the future [2] - The company emphasizes the strong radiation effect of mainland tech firms entering Hong Kong, enhancing the competitiveness of traditional industries through technology [2] - WeRide, a robotics company, is preparing for a secondary listing in Hong Kong, leveraging the city's financing advantages to connect with international long-term investors [2] Group 3: Biotechnology Sector - The biotechnology sector is highlighted as a key area for Hong Kong's development, with significant growth in mainland biotech companies [2] - The introduction of the 18 Chapter A listing rules by the Hong Kong Stock Exchange provides financing channels for innovative drug companies, attracting many biotech firms to the region [2] - Hong Kong is preparing to launch a "Hong Kong version of the FDA" to expedite the approval process for mainland innovative drug companies, allowing them to gain approval in Hong Kong before seeking licenses in other developing countries [3]