POLICY EXPRESS · PE-ITIB-182 · Innovation, Technology and Industry Bureau
Re-industrialisation and Advanced Manufacturing
Manufacturing is about 1% of GDP against an aim of 5.5% after 2030, and the land, first customers and anchor firms to close that gap are not yet in place.
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2 pages · English and 繁體中文 · Built on the 1134211 Framework · Facts as at 25 October 2026
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The tension and our thesis
The tension
Hong Kong is rebuilding industry from a base near 1% of GDP with funds that reward a few large projects, yet the floor space, first customers and skills that decide whether projects become output arrive later than the money.
Our thesis
Publish a land schedule, create first customers and tie the UNIDO centre and funding to measured output.
Three policy problems this brief examines
- 01A small base needs floor space that comes later
- 02Funds reward a few large projects
- 03Pilots lack first customers and skills
Each problem is developed in three layers: the fact, why it persists, and the consequence for the system.
Three options compared
A · Space first: government-built multi-storey and modular industrial space at scale.
B · Funding first: enlarge the funding and acceleration schemes and the elite programme.
C · Light touch: keep the schemes at their present scale and let the market lead.
The scored comparison, the justified recommendation with its phased measures, the implementation challenges, the stakeholder assessment and the success metrics are in the full brief.
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Both pages, in English and Traditional Chinese: the introduction and background, key figures, the three policy problems, the scored options, the recommendation with its phased measures, the implementation challenges, the stakeholder assessment and the conclusion.
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