Jockey Club Donates HK$3 Billion for Life Tech Research Hub in Northern Metropolis
SingTao · 3 SOURCESabout 2 hours ago5 MIN
Summary
The Hong Kong Jockey Club announced that its charitable trust has given in-principle approval for a HK$3 billion donation to fund a life and health technology teaching-research building in the Northern Metropolis university town. This contribution responds directly to Policy Address proposals unveiled on September 16, 2026 by Chief Executive John Lee Ka-chiu. The facility, to be located in the Hong Kong Park of the Lok Ma Chau Loop, will offer more than 30,000 square meters of space dedicated to life and health sciences research, scientific exchange, and nurturing research talent for Hong Kong's long-term development.
Key Points
- The Hong Kong Jockey Club's charitable trust has approved in principle a HK$3 billion donation for the life and health technology teaching-research building
- The building will be constructed in the Hong Kong Park of the Lok Ma Chau Loop (河套區香港園區) within the Northern Metropolis university town
- Total floor area exceeds 30,000 square meters, focusing on education, scientific exchange and research talent cultivation
- The donation aligns with the national 15th Five-Year Plan and Hong Kong's first five-year plan for economic and social development
- Jockey Club Chairman Liu Chang-hong (廖長江) stated the organization is honored to partner with the HKSAR government at this historic juncture
- The initiative responds to the Policy Address delivered by Chief Executive John Lee Ka-chiu on September 16, 2026
Why It Matters
This substantial contribution demonstrates how the Jockey Club leverages its unique value-creation model—converting gambling revenue into social benefits through taxes and charitable donations—to advance Hong Kong's position as a regional innovation hub. The project will accelerate life and health sciences research while supporting the broader Northern Metropolis development strategy aimed at diversifying Hong Kong's economy beyond traditional financial services .
This substantial contribution demonstrates how the Jockey Club leverages its unique value-creation model—converting gambling revenue into social benefits through taxes and charitable donations—to advance Hong Kong's position as a regional innovation hub. The project will accelerate life and health sciences research while supporting the broader Northern Metropolis development strategy aimed at diversifying Hong Kong's economy beyond traditional financial services .