[Lee Ka-chao: Resources invested in Hong Kong’s sports industry will increase by 20% in the next five years] October 26th, Hong Kong SAR Chief Executive Lee Ka-chao attended the commendation ceremony for the Hong Kong, China delegation at the 20th Asian Games today (October 26). In his speech, he said that the Hong Kong, China, delegation sent a large lineup of more than 800 people to this Asian Games, including about 580 elite athletes, and more than 200 professional support and staff to compete in 38 competition events. Li Jiachao pointed out that athletes from Hong Kong, China, performed outstandingly and won a total of 11 golds, 19 silvers, and 24 bronzes, for a total of 54 medals. The total number of medals and gold medals broke previous records and set the best results in previous Asian Games. They brought glory to the country and Hong Kong and were proud of them! Li Jiachao emphasized that the SAR government attaches great importance to sports development. The "Hong Kong's First Five-Year Plan" announced last month clearly points out the need to develop elite, event-oriented, professional and industrialized sports, including comprehensively improving the level of athletes through the elite training system of the Sports Institute. The new "Policy Address" proposes to support the Sports Institute in launching a new three-year sports administrator training program to help retired athletes expand their career ladder and cultivate elite professional management talents for the sports industry. Li Ka-chao said that from 2026 to 2027, the SAR government will invest approximately HK$8.1 billion in sports development, an increase of nearly 70% from 10 years ago. This includes an allocation of approximately HK$1 billion to the Sports Institute through the Elite Athletes Development Fund to provide athletes with comprehensive training, direct financial assistance, and sports science and sports medicine support. The SAR government will continue to support athlete training and sports development, and the resources invested in the next five years are expected to increase by 20% cumulatively. (Voice of the Greater Bay Area)