Creative industries are important economic drivers for Hong Kong. They help to increase the innovation capacity of the economy and can be a powerhouse for future economic growth," the Deputy Secretary for Commerce and Economic Development (Communications and Technology) and acting Head of CreateHK, as Mr Alan Siu said.

Create Hong Kong (CreateHK), a new office dedicated to promoting the development of creative industries in Hong Kong, was officially set up on 1^st of June, 2009. Established under the Communications and Technology Branch of the Commerce and Economic Development Bureau (CEDB). CreateHK will provide one-stop services and better support for the industries. It will pool together existing resources and various supporting schemes under various departments of the CEDB family.

According to the latest statistics, Hong Kong has around 32,000creative industry-related establishments, with more than 170,000 practitioners engaged, and creating an added value to Hong Kong's Gross Domestic Product (GDP) of more than $60 billion annually, representing around 4% of the GDP.

The office adopts a comprehensive and multi-pronged approach to implement a development strategy for the industries covering the following areas:

-  Nurturing a pool of creative human capital which will form the backbone of HK's creative economy;
-  Facilitating start-ups and the development of creative establishments;
-  Generating demand for innovation and creativity and expanding local market size for creative industries;
-  Promoting creative industries on the Mainland and overseas to help explore outside markets;
-  Fostering a creative atmosphere with the community;
-  Developing creative clusters in the territory to generate synergy and facilitate exchanges; and
-  Promoting Hong Kong as Asia's creative hub.

     The office is led by the Head of CreateHK with about 40 staff. In addition to managing the Film Development Fund (FDF), the Design Smart Initiative (DSI) and the Film Guarantee Fund (FGF), the dedicated office will be responsible for administering the CreateSmart Initiative.