(Policy Address 2025) HK to boost space economy and aerospace technology

Chief Executive John Lee Ka-chiu stated that Hong Kong will support the development of aerospace science and technology as well as the space economy, as China has designated the commercial aerospace sector as a strategic emerging industry.

The city leader said in his policy address on Wednesday (Sep 17) that Hong Kong has an advantage as an international city and possesses strong scientific research capabilities, with various universities participating in national aerospace projects. 

Meanwhile, the government has set up the Hong Kong Space Robotics and Energy Centre under the InnoHK research clusters to support our country's Chang'E-8 mission. 

The Innovation and Technology Support Programme Special Call on Aerospace Technology has allocated over HK$100 million to support six university Research and development projects. 

In parallel, the Commerce and Economic Development Bureau (CEDB) is exploring how to streamline the vetting of license applications for Low Earth Orbit satellites and will promote 6G applications. 

Additionally, the Hong Kong Investment Corporation Limited will pursue investment in areas related to commercial aerospace and the space economy.