‘Huge funds’ for tech hub, incentives for aerospace sector in Hong Kong budget: sources

South China Morning PostEN 1 min read 100% complete by Olga Wong,Matthew Cheng,Theodora YuFebruary 25, 2026 at 01:00 AM

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Hong Kong's upcoming budget, to be delivered by Financial Secretary Paul Chan Mo-po on Wednesday, will allocate significant funds to a new innovation hub in the San Tin Technopole, located near the border with mainland China. Government sources indicate the budget will prioritize innovation and research and development in the Northern Metropolis. The plan also includes incentives designed to attract more aerospace companies to Hong Kong. This initiative aims to boost the IP economy through talent training and patent evaluation for tech enterprises. The budget addresses national priorities outlined in China's 15th five-year plan and utilizes a surplus that arrived sooner than expected.

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Key Player Opposition Context

South China Morning Post ×260% Northern Metropolis 60% China 70% San Tin Technopole 70% Paul Chan Mo-po ×280% Hong Kong 90%

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innovation hub 90% hong kong budget 80% aerospace sector 70% san tin technopole 70% research and development 60% northern metropolis 50% ip economy 50% financial secretary 40%

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Positive

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South China Morning Post

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