The Chinese Medicine Development Fund (CMDF) was established in 2019 to support the development of Chinese medicine in Hong Kong and enhance the overall standard of the Chinese medicine sector. It is supervised by the Chinese Medicine Unit of the Health Bureau, and the Hong Kong Productivity Council serves as the Implementation Agent. It comprises of two parts, namely the Enterprise Support Programme (ESP) and Industry Support Programme (ISP), which are dedicated to nurturing talents, enhancing facilities and services, promoting Chinese medicine culture and concepts, and promoting applied studies and research on Chinese medicine. Beneficiaries include practitioners, organisations and stakeholders at different levels in the Chinese medicine sector. "Industry Support" is set up to provide the industry with Chinese medicine-related resources and practical reference materials for members to download and use for free.
The Committee, for which the Chairman and members are appointed by the Secretary for Health (Former Food and Health Bureau), comprises representatives from the sectors of Chinese medicine practitioners, Chinese medicine drugs, testing and certification, and healthcare, as well as experts, academics and lay persons with rich experience in business management and public administration. The appointments will take effect from March 1, 2023, to February 28, 2025, for a term of two years.