Each awardee  of this scheme as a new full time PhD student will receive an annual stipend of HK$322,800 (approximately US$41,400) and a conference and research-related travel allowance of HK$13,500 (approximately US$1,730) per year for a period up to three years. 

More details can be found via https://cerg1.ugc.edu.hk/hkpfs/index.html.