The first "New Industrial Acceleration Program" project in Hong Kong has been launched.

On February 24th, the inaugural ceremony of the first "New Industry Acceleration Program" project, jointly organized by the Technology Park Company and Zhengmei Pharmaceuticals as "Hong Kong New Industry New Journey Health Technology Group," was held at the Tai Po Innovation Park. Professor Sun Dong of the Hong Kong Innovation Technology and Industrial Bureau stated in his speech that Zhengmei Pharmaceuticals' intelligent production project is the first project supported by the New Industry Review Committee under the acceleration program. Zhengmei Pharmaceuticals will establish a new factory at the Tai Po Innovation Park and set up a new intelligent pharmaceutical production line, producing products developed and manufactured in Hong Kong, to boost confidence in the new industrialization of Hong Kong. Sun Dong pointed out that the Hong Kong SAR government released the "Hong Kong Innovation Technology Development Blueprint" in 2022, which explicitly focuses on developing strategic industries such as life and health technology, artificial intelligence, Siasun Robot & Automation, advanced manufacturing, and new energy technology, accelerating the new industrialization of Hong Kong comprehensively and enhancing the development of new momentum. Building on this foundation, Hong Kong optimized its new industrialization subsidy program early last year, encouraging traditional manufacturing industries to upgrade and transform using innovative technology. Over 100 new intelligent production lines have been subsidized so far. In September last year, the Hong Kong SAR government further stepped up its efforts by launching a 10-billion-dollar new industry acceleration program, providing up to 2 billion dollars in funding in a matching form for enterprises in strategic industries to establish new intelligent production facilities in Hong Kong. The Hong Kong SAR government will continue to reform, innovate, and loosen regulations to meet the needs of industrial development in various aspects such as funding and land, assisting more companies in setting up new intelligent production facilities in Hong Kong, supporting the vibrant development of Hong Kong's innovative technology industry. It is expected that there will be more successful cases in the future, making the brands developed and manufactured in Hong Kong stronger and accelerating the development of Hong Kong's new industry.