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In subsequent years, various PPP programmes were gradually rolled out by the HA, the
Department of Health (DH), and the Food and Health Bureau (FHB). These PPPs were
focused mainly on purchasing services that have reached full capacity in public hospitals and
in purchasing preventive care, such as vaccination services from private
providers and supporting our older population to access primary care
services in the private sector. In 2015/16, the Financial Secretary of Hong Kong
further pledged a fund for the HA to utilise investment returns for PPP initiatives (Box 3.4)
(HKSARG, 2015).

Box 3.4

Hospital Authority’s Public-Private Partnership (PPP)
Endowment Fund

Launched: 31 March 2016

Value: HKD 10 billion endowment fund and additional HKD 442 million from
the remaining balance of the one-off designated funding by the former
Government. Investment yield in 2018/19 was 4.1%.

To further promote PPP programmes within the HA, HKD 10 billion was
allocated to the HA as an endowment fund. With the initial funds placed with
the Exchange Fund, investment returns will be utilised to (i) regularise and
enhance ongoing clinical PPP programmes, and (ii) develop new clinical PPP
programmes.

2020 Portfolio (in terms of expenditures):

31.6% 9.3%
7.7%

0.3%

17.0% 1.3%

8.7% 24.1%

CSP PEP GOPC PPP Colon PPP
HD PPP Radi Collaboration In rmary Service PPP Glaucoma PPP

For the full names of the abbreviated programmes, please refer to Table 3.3.

Source: FHB, 2020b

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