Hong Kong’s Professional Services Sector Gets a Significant Boost with New Funding Initiatives

Professional services organizations in Hong Kong have an exciting opportunity to enhance their capabilities and international reach through two innovative government funding programs. The Professional Services Advancement Support Scheme, backed by a substantial $200 million allocation, is designed to propel Hong Kong’s professional sectors onto the global stage.

This comprehensive funding initiative welcomes applications from a diverse range of professional bodies, including trade organizations, research institutes, and industry associations. The scheme covers an impressive array of professional services, spanning accounting, legal and dispute resolution, architecture, engineering, healthcare, information and communications technology, design, and technical testing and analysis.

The primary goal of these funded projects is multifaceted: to increase international exchanges, foster cross-border cooperation, promote sector-specific publicity, and ultimately enhance Hong Kong’s professional services’ global competitiveness. Whether organizations are looking to develop sector-specific initiatives or create cross-sectoral collaborations, the funding program offers significant support.

Financial support is particularly attractive for eligible organizations. Each approved project can receive up to $3 million or 90% of the total eligible project cost—whichever amount is lower. This generous funding approach ensures that promising projects have a real opportunity to take flight, regardless of an organization’s current financial resources.

By early May 2025, the scheme had already demonstrated its effectiveness, with over 120 projects successfully funded. These projects have generated deliverables both within Hong Kong and internationally, highlighting the program’s broad impact and strategic vision.

Complementing the main support scheme, the government has introduced the Professionals Participation Subsidy Programme, allocating an additional $50 million. This targeted initiative specifically supports major professional bodies in participating in government and Trade Development Council activities. The underlying objective is clear: to promote Hong Kong’s professional services in mainland China and international markets.

One of the most appealing aspects of these funding programs is their accessibility. Both the Professional Services Advancement Support Scheme and the Professionals Participation Subsidy Programme accept applications continuously, with submissions processed on a quarterly basis. This rolling application process provides flexibility for organizations planning strategic initiatives.

For professionals and organizations interested in exploring these opportunities, the government has made information readily available. A dedicated briefing session is planned to provide more detailed insights, and organizations can seek additional information by contacting the program secretariat directly at 3655 5418 or via email.

These funding initiatives represent a strategic investment in Hong Kong’s professional services ecosystem. By supporting innovation, international collaboration, and sector development, the government is positioning the city’s professionals for success in an increasingly competitive global marketplace.

Professionals and organizational leaders are encouraged to carefully review the program details and consider how these funding opportunities might align with their strategic objectives. With substantial financial support, a broad scope of eligible services, and a commitment to international advancement, these schemes offer a remarkable pathway for professional growth and global engagement.