Leading business groups in Hong Kong said yesterday they had no plans to follow the lead of the Hong Kong Construction Association in setting up funding for political groups to carry out research in policy areas. The groups said they would not be following suit either because of their business-oriented nature or because they did not have money to spare. But analysts say the private sector has become more willing to contribute to financing policy research by political and social groups, following the government's failure to outline a long-term picture for Hong Kong's development in recent years. The South China Morning Post yesterday reported that the construction association would launch a fund later this year for applications from political and social groups to carry out research in areas including public policy. Academics have said they believe the unprecedented move could assist Hong Kong's constitutional development. But business groups yesterday said they had no plans to set up a fund open to applications from political groups.