Finance Committee Meeting

held on Friday, 6 July 2018, at 4:45 pm

Record of decisions

ItemPaper No.SubjectDecisions
1.FCR(2018-19)34RECOMMENDATION OF THE PUBLIC WORKS SUBCOMMITTEE MADE ON 28 MAY 2018

Approved

PWSC(2018-19)22
  • Open space in Area 6, Tai Po


Approved
(Division ordered -
Yes - 45
No - 1
Abstention - 0)

PWSC(2018-19)22
  • Redevelopment of Yuen Long Stadium


Approved
(Division ordered -
Yes - 40
No - 1
Abstention - 4)

2.FCR(2018-19)35CAPITAL WORKS RESERVE FUND
HEAD 708 – CAPITAL SUBVENTIONS AND MAJOR SYSTEMS AND EQUIPMENT
Education Subventions
61EC - Hostel Development Fund


Under deliberation
3.FCR(2018-19)38INNOVATION AND TECHNOLOGY FUND
HEAD 111 – INNOVATION AND TECHNOLOGY
Subhead 101 Innovation and Technology (block vote)
New Subhead "Research centres/laboratories for establishment of research clusters"

HEAD 184 – TRANSFERS TO FUNDS
Subhead 992 "Payment to the Innovation and Technology Fund"

CAPITAL INVESTMENT FUND
HEAD 962 - INDUSTRY

New Subhead "Equity in the Hong Kong Science and Technology Parks Corporation for supporting healthcare and artificial intelligence and robotics technologies researches and its tenants/incubatees"

New Subhead "Equity in the Hong Kong Cyberport Development Holdings Limited for supporting its tenants/incubatees and promoting the development of e-sports"


Not dealt with

(a)a total injection of $20 billion into the Innovation and Technology Fund (ITF), including –

(i)$10 billion for supporting the continued operation of the existing ITF funding schemes/support programmes and introducing various new initiatives

(ii)another $10 billion for creating a new commitment to provide financial support to establish research clusters in Hong Kong

(b)a commitment to inject $10 billion as equity from the Capital Investment Fund (CIF) to HKSTPC for providing facilities to support healthcare and artificial intelligence and robotics technologies researches, and strengthening support measures for its tenants/incubatees

(c)a commitment to inject $300 million as equity from CIF to HKCDHL for strengthening the support to its tenants/incubatees and promoting the development of e-sports in Hong Kong

4.FCR(2018-19)40HEAD 55 – GOVERNMENT SECRETARIAT: COMMERCE AND ECONOMIC DEVELOPMENT BUREAU (COMMUNICATIONS AND CREATIVE INDUSTRIES BRANCH)
Subhead 700 General non-recurrent
New item Subsidy Scheme to Extend Fibre-based Networks to Villages in Remote Areas


Not dealt with
5.FCR(2018-19)39HEAD 159 – GOVERNMENT SECRETARIAT: DEVELOPMENT BUREAU (WORKS BRANCH)
Subhead 700 General non-recurrent
New Item "Construction Innovation and Technology Fund"


Not dealt with
6.FCR(2018-19)372018-19 CIVIL SERVICE PAY ADJUSTMENT

Not dealt with
7.FCR(2018-19)41RECOMMENDATION OF THE ESTABLISHMENT SUBCOMMITTEE MADE ON 26 JUNE 2018

Not dealt with

EC(2018-19)7
  • Creation of one permanent post of Registry Manager (D2) in the Companies Registry to head and continuously oversee the operation of a new Registry set up to implement a new regulatory regime for trust or company service providers)
8.FCR(2018-19)42RECOMMENDATION OF THE ESTABLISHMENT SUBCOMMITTEE MADE ON 20 JUNE 2018

Not dealt with

EC(2018-19)10
  • Creation of one supernumerary post of Chief Systems Manager (D1) and retention of one supernumerary post of Administrative Officer Staff Grade C (D2) in the Commerce, Industry and Tourism Branch of the Commerce and Economic Development Bureau to take forward the development of a Trade Single Window in Hong Kong
9.FCR(2018-19)30CAPITAL WORKS RESERVE FUND
HEAD 708 – CAPITAL SUBVENTIONS AND MAJOR SYSTEMS AND EQUIPMENT
Food and Environmental Hygiene Department
New Subhead "Replacement of Radio Communications System of the Food and Environmental Hygiene Department"


Not dealt with
10.FCR(2018-19)43HEAD 156 – GOVERNMENT SECRETARIAT: EDUCATION BUREAU
Subhead 700 General non-recurrent
New Item "Injection into the Gifted Education Fund"


Not dealt with
11.FCR(2018-19)36RECOMMENDATION OF THE PUBLIC WORKS SUBCOMMITTEE MADE ON 26 MAY 2018

Not dealt with

PWSC(2018-19)21
  • Elevated Pedestrian Corridor in Yuen Long Town connecting with Long Ping Station