News Centre

22 Feb 2023

CUHK welcomes 2023-24 Budget Speech’s initiatives in promoting innovation and cultivating talent

22 Feb 2023

The Chinese University of Hong Kong (CUHK) welcomes the initiatives and measures to promote innovation and technology (I&T) development and talent cultivation proposed in the 2023-24 Budget Speech.

For the promotion of scientific research, the government will set aside HK$6 billion to provide subsidies for universities and research institutes to set up thematic research centres that support the transformation of research and development (R&D) outcomes and R&D activities related to life and health technology. It will also earmark HK$3 billion to further enhance basic research in frontier technology fields such as AI and quantum technology. These measures will solidify Hong Kong’s strength in scientific research and help develop Hong Kong into a powerhouse in biomedicine and an international I&T hub.

CUHK Vice-Chancellor and President Professor Rocky S. Tuan said, “The University is delighted that the government proposed many new initiatives to promote cooperation between the research, academic and industrial sectors, which will boost I&T development in Hong Kong. Research and innovation are among the key areas of the CUHK Strategic Plan 2021-2025. We will continue to support our outstanding scholars and recruit more international talent through different programmes, in order to contribute to Hong Kong, the nation and the world with advances in science and technology.”

CUHK Pro-Vice-Chancellor Professor Chan Wai-yee said, “Last year, we submitted a proposal on enhancing research and innovation to the government as part of the public consultation for the Policy Address. We are glad to see that many of the initiatives in this Budget focus on research and technology. CUHK is renowned for its remarkable achievements in biomedicine and other innovative disciplines. We believe that with the completion of several new research buildings at CUHK, our teachers and students will enjoy an even better academic environment and research facilities, enabling us to accomplish greater success and help Hong Kong better integrate into the overall development of the country.”