Hong Kong to boost sports funding by 20 per cent over five years
Hong Kong's Chief Secretary Chan Kwok-ki announced a 20 per cent cumulative increase in sports resources over five years, following the city's record medal haul at the Nagoya Asian Games. The 2026/27 sports budget is HK$8.1 billion, up nearly 70 per cent from a decade ago.
Hong Kong's Chief Secretary Chan Kwok-ki has announced that government investment in sports is expected to increase by a cumulative 20 per cent over the next five years. The pledge came during a video address at a sports sector celebration, after Hong Kong athletes achieved a record medal tally at the Nagoya Asian Games, winning 11 gold, 19 silver and 24 bronze medals for a total of 54.
Chan praised the athletes' performance as inspiring and said the city felt immense pride. The government's sports development budget for the 2026/27 financial year is approximately HK$8.1 billion, an increase of nearly 70 per cent compared with a decade ago, he noted.
Through the Elite Athletes Development Fund, the government has allocated about HK$1 billion to the Hong Kong Sports Institute, supporting around 1,800 elite athletes with comprehensive training, financial assistance and sports medicine services.
Chan outlined the government's first five-year plan for sports, which aims to optimise the sports infrastructure layout, improve governance of sports associations and promote sports exchange and integration within the Greater Bay Area. Over the next five years, cumulative sports resource investment is forecast to rise by 20 per cent, while the sports-related gross value added is expected to increase by 10 per cent.
Chan also wished the Hong Kong team success ahead of the Asian Para Games, expressing hope that athletes would achieve further outstanding results.
