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FS visits biomedical firm in UK

Financial Secretary Paul Chan yesterday visited a biopharmaceutical company and the Royal College of Art, and attended a lunch hosted by the China-Britain Business Council, as part of his ongoing trip to London.   Mr Chan visited AstraZeneca and met the company’s senior management to learn about its drug research and development activities, as well as its latest expansion plans.   AstraZeneca indicated that following in-depth talks with Hong Kong’s Office for Attracting Strategic Enterprises, it plans to develop a research and development centre in Hong Kong and will engage in further discussion with relevant government departments on the matter.   The Financial Secretary then attended a roundtable luncheon held by the China-Britain Business Council, and met representatives of British enterprises that do business, or plan to do business, either in the Mainland or Hong Kong.   Mr Chan later visited the Royal College of Art, which collaborated with the Hong Kong Polytechnic Unive
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5G subsidy scheme funding doubled

The Government has increased the funding earmarked for a subsidy scheme to encourage early 5G deployment from $50 million to $100 million and extended the application deadline to July 31, 2022.   It said about 100 additional projects would be accommodated as a result.   Under the Anti-epidemic Fund, the Subsidy Scheme for Encouraging Early Deployment of 5G subsidises 50% of the costs relevant to the deployment of 5G technology in a project, subject to a cap of $500,000.   Since its launch in May 2020, the Government has approved 103 applications, covering innovative applications in various sectors, such as remote mechanical maintenance, remote telemedicine application, 3D building information modelling in construction sites and 4K/8K live video broadcasting.   Secretary for Commerce & Economic Development Edward Yau said with its edge of high speed, low latency, high capacity and massive connectivity, 5G provides enormous potential for developing business services and smart city applications from smart homes to autonomous driving.   He added that the good progress has laid a solid foundation for its extensive application, and the Government will continue its efforts in promoting 5G development.   Enquiries on the scheme can be made to 2961 6333 or via email.
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