Indicative Budget for 2021/22
Funding Schemes Indicative Distribution
($ million)
Individual Research Schemes
General Research Fund 788.27
Early Career Scheme 115.33
Collaborative Research Schemes
Areas of Excellence Scheme N/A[1]
Collaborative Research Fund (CRF)

2021/22 Exercise
Second Round One-off CRF coronavirus diseases (COVID-19) and novel infectious diseases (NIDs) Research Exercise

Research Impact Fund 75.00
Theme-based Research Scheme 330.00[2]
Humanities and Social Sciences Prestigious Fellowship Scheme 10.00
Hong Kong PhD Fellowship Scheme 266.00
Research Grants Council (RGC) Postdoctoral Fellowship Scheme 60.80
RGC Research Fellow Scheme/RGC Senior Research Fellow Scheme 129.54
Joint Research Schemes

a) National Natural Science Foundation of China/RGC Joint Research Scheme


b) European Union (EU)-Hong Kong (HK) Research and Innovation Cooperation Co-funding Mechanism


c) The French National Research Agency/RGC Joint Research Scheme


d) Germany/Hong Kong Joint Research Scheme


e) PROCORE - France/Hong Kong Joint Research Scheme

Competitive Research Funding Schemes for the Local Self-financing Degree Sector

a) Faculty Development Scheme


b) Inter-institutional Development Scheme


c) Institutional Development Scheme

RGC Postgraduate Students Conference/Seminar Grants 0.80
Research Matching Grant Scheme[3] N/A
Tuition Waiver for Local Research Postgraduate Students 90.00
There is no Areas of Excellence Scheme exercise in 2021/22.
Including the one-off additional funding of $100 million to support TRS research projects related to COVID-19 and/or NIDs.
The Research Matching Grant Scheme runs for three years from 1 August 2019 to 31 July 2022.  A total of $3 billion is designated for the purpose.  At the close of the fifth processing cycle (2020 Q3), the aggregate amount of matching grant disbursed to participating universities/ institutions is about $1.15 billion.  The remaining balance available for matching stands at about $1.85 billion after five processing cycles.