Electrical and Mechanical Services Trading Fund performance announced

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     The Electrical and Mechanical Services Department (EMSD) announced today (October 26) that the Electrical and Mechanical Services Trading Fund (EMSTF) maintained steady financial performance in 2021-22, with total revenue of $8.719 billion and a return rate on revenue at 2.9 per cent.

     The Director of Electrical and Mechanical Services and General Manager of the EMSTF, Mr Eric Pang, said the EMSTF delivered impressive performance during the year, providing comprehensive electrical and mechanical engineering services to client departments. Under the new normal during the epidemic, the EMSTF successfully leveraged its strengths in innovation and technology (I&T) to turn the crisis into an opportunity and supported client departments in continuously serving the public.

     "The demand for I&T solutions in the community is enormous during the epidemic. As one of the Government's innovation facilitators, we shall continue to collaborate with start-ups, universities and research institutions to further expedite Hong Kong's development into a smart city," he said.

     The EMSTF Report was tabled in the Legislative Council today and uploaded to the EMSD website (www.emsd.gov.hk/filemanager/en/content_1097/EMSTF_Report_2021_22.pdf) for public reference.

Ends/Wednesday, October 26, 2022
Issued at HKT 14:15

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