The HKPF provides each awardee with both a monthly scholarship and a conference and research related travel allowance per year for a period up to three years. In 2023-24, the scholarship is worth HK$27,100 and the conference and research related travel allowance HK$13,600.  For HKPF awardees who are admitted to a 4-year PhD programme, the University of Hong Kong (HKU) will provide a monthly scholarship and travel allowance at the same level as the HKPF for their fourth year of study. 

​

For the 2023-24 exercise, all HKPF holders will be awarded the HKU Presidential PhD Scholarship.

Scholarship Package for 2023-24 admission

Each HKU Presidential PhD Scholar will receive a HKU-PS package of up to around HK$420,900 (US$53,960) in the first year, and up to around HK$400,900 (US$51,390) in each of the subsequent years during the normative study period. The package includes:
 

(a) Cash Award to support research and living expenses:

• HK$40,000 in Year 1; HK$20,000 per year in the remaining normative study period

(b) Waiver of composition fees for the whole normative study period (i.e. HK$42,100 per year)
(c) Postgraduate Scholarship of HK$27,100 per month
(d) Conference and Research-related Travel Allowance of HK$13,600 per year
(e) Financial support to selected outstanding students for an additional year of study beyond the normative study period to reward their outstanding research output and progress
(f) A guaranteed hall place in Year 1, with possibility of renewal

Full-time MPhil and PhD students who hold a first degree with second-class honours first division (or equivalent) or above are normally considered eligible to receive a Postgraduate Scholarship during the normative study period. Candidates' results in Master's degrees may also be considered. The basic level of scholarship is HK$18,030 per month (w.e.f. September 1, 2020).