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Commerce and Industry

costs and explore new markets, the corporation waived its annual policy fee permanently and offered a premium discount under its small business policy from 1 March.

Other Trade and Industrial Support Organisations

The Federation of Hong Kong Industries, Chinese Manufacturers' Association of Hong Kong, Hong Kong General Chamber of Commerce, Chinese General Chamber of Commerce, and Hong Kong Chinese Importers' and Exporters' Association promote the interests of, and foster relationships among, their members. There are many other associations representing specific sectors or interests, and overseas chambers of commerce.

Creative Industries

Create Hong Kong

Create Hong Kong (CreateHK) under the Commerce and Economic Development Bureau's Communications and Creative Industries Branch aims to drive the development of creative industries by:

• nurturing a pool of creative human capital,

•

facilitating start-ups and the development of creative establishments,

⚫ generating demand for innovation and creativity and expanding the local market for

creative industries,

promoting creative industries on the Mainland and overseas to explore outside markets,

fostering a creative atmosphere within the community,

• developing creative clusters to generate synergy and facilitate exchanges, and

• sponsoring signature events to promote Hong Kong as Asia's creative capital.

CreateSmart Initiative

CreateHK's CreateSmart Initiative supports the promotional and educational projects of various creative sectors. It provided $235.6 million to 42 such projects in 2016.

Film Development Fund

The Film Development Fund under CreateHK provides funding support to small-to-medium budget film productions for commercial release and projects conducive to the long-term development of the local film industry. In 2016, it approved total funding of $29.3 million to four film productions for commercial release and 15 other film-related projects beneficial to the healthy and long-term development of the industry.

Creative Talent

CreateHK funds a Design Incubation Programme to nurture design start-ups. By end-2016, the programme had admitted more than 180 start-ups since its launch in 2006. A new phase of the

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