Hong Kong Jockey Club to plough HK$3b into new research facility in Northern Metropolis

The Hong Kong Jockey Club announced it will invest HK$3 billion towards the development of a Life and Health Academic Research Building at the city's forthcoming Northern Metropolis University Town. This announcement came following Hong Kong's leader, John Lee Ka-chiu, who outlined the establishment of an integrated teaching and research complex during his policy address.

The Jockey Club's Charities Trust has given its approval for the project, aligning with both the National 15th five-year plan and Hong Kong's initial five-year strategy.

Martin Liao, chairman of the Hong Kong Jockey Club, expressed pride in the club's partnership with the Hong Kong Special Administrative Region (HKSAR) Government to foster the city's advancement from stability to prosperity. The new facility will offer over 30,000 square meters of space dedicated to life and health science research, furthering the club's commitment to cultivating advanced talent and research.

The Jockey Club's support for this endeavor is rooted in its value creation model, which generates tax contributions, charity support, and employment opportunities for the community.

Duncan Chiu Tat-kun, a lawmaker representing the technology and innovation constituency, commended the Jockey Club's historical backing of public infrastructure, including schools and hospitals. He emphasized the necessity of expediting the construction of this hub to attract universities, research laboratories, companies, and talent to the region.

Chiu highlighted the recent surge in university admission scores, reflecting the growing demand for international applicants, and called for swift expansion to accommodate this influx of talent.