The Hong Kong Prize is a non-governmental merit-based award sponsored by the Bank of China (Hong Kong) Limited. It aims to reward outstanding scientists and research teams in Hong Kong or research-related institutions set up by higher education institutions in the Guangdong-Hong Kong-Macao Greater Bay Area for their significant contributions in scientific research and influence on transformation of R&D outcomes.
Each winning submission will receive HK$5000 to support the development of their idea. In addition, the winner will be given the opportunity to present their idea to key stakeholders in the Hong Kong development sector. The winner of the competition will be announced in January 2020.
Last week’s draw saw no first-prize ticket holders, and the jackpot now stands at HK$102 million. Stanley Street betting station in Central, which has the best record for top prize winners with 47 wins since 1994, opened an hour early this morning to meet demand.
The HSBC Hong Kong Marathon has raised the prize money to encourage permanent residents to take part in the event, as well as to reward those who do. In addition to the main award of $2m, runners who finish within three hours for men or under 3 hours 30 minutes for women will be awarded a special incentive award of HK$10,000. The bonus is only available for those who are permanent residents of Hong Kong.
A spokesman for the organiser, the Sports Federation of Hong Kong, said that it is “delighted to announce the launch of an enhanced sports prize fund for young athletes in Hong Kong.” The new fund has increased the prize amount from HK$1.5m to HK$2.5m. This will allow the federation to provide more cash awards and sponsorship for the most talented athletes in Hong Kong.
The Sports Foundation of Hong Kong (SFHK) is a charitable organization established to promote sporting achievements in the city. It also offers financial incentives for the most successful athletes in the city. In recent years, the SFHK has expanded its sports award program to include more categories and higher prizes. This year’s winners included tennis player Lee Chung-yuan, a long-distance runner Wang Yuan and a taekwondo athlete. The SFHK is also one of the few organizations in Hong Kong to offer cash rewards for high-performing athletes. Besides the monetary prizes, SFHK also sponsors training and coaching for local athletes. These efforts help them win more international titles and improve their chances in the future. Moreover, the SFHK also helps local athletes find internships and work experience in foreign countries. This will enable them to gain more knowledge of other cultures and improve their professional skills. Consequently, the organization has become a valuable resource for Hong Kong’s sports community. SFHK also has a strong alumni network and organizes networking events for its alumni. The SFHK is an excellent example of the thriving sporting community in Hong Kong. Its alumni include many Olympic medalists, national champions and other renowned sports figures.