[4] The ITB will consider setting different themes, such as health, transportation, education, safety and environmental protection, so as to facilitate the participation of different sectors.

The subvented organisations must maintain a separate and proper set of accounts and records for the projects and submit the progress and financial reports on a regular basis for the Secretariat's review.

[5] An agreements was signed between the two regions agreeing that the Loop would operate under the principles of "applying the laws and land administration system of the HKSAR"; "non-profit making"; and "friendly negotiation".

The TVP backs "technological services and solutions"-related initiatives and projects to enhance the applicant’s business productivity.

[6] The Bureau submitted proposal of Innovation and Technology Venture Fund to the Finance Committee at Legislative Council in 2016.

The CP has the obligation to identify potential investee companies which qualify as Eligible Local IT Start-ups to the ITVFC for co-investment.

His predecessor Donald Tsang submitted the bill to reform existing bureaus to establish Innovation and Technology Bureau.

However, pan-democratic councilor found it offensive as the Chief Executive-elected intervene current administration and legislation.

In October 2017, Chief Executive Carrie Lam promised to "personally lead a high-level, inter-departmental Steering Committee on Innovation and Technology to examine and steer measures under the eight areas of innovation and technology development as well as Smart City projects" (HKSAR, 2017, p. 28)[10] in her first Policy Address.

The objective of the Steering Committee is to foster Hong Kong’s innovation and technology development expeditiously and efficiently.