Chief Executive John Lee on Wednesday said the Hong Kong Sports Institute is reviewing a funding scheme for athletes, with an outcome expected early next year.
This comes as debate continues as to whether the city's athletes earn enough to make ends meet.
"The government has been working to provide a more supportive environment to our athletes, so they can better train, compete and enjoy a good career path after retirement," Lee said at a reception for SAR Olympians at government headquarters.
"Authorities have been in close contact with the sports institute and sports associations to strengthen the subsidy schemes and training regimes."
Writing on Facebook afterwards, Lee said Hong Kong is proud of every Olympian, "whether they won a medal or not".
Foil fencer Ryan Choi reignited the debate on athlete funding on Tuesday when he posted details of an unnamed teammate's income and expenditure.
He said the fencer received a monthly allowance of HK$7,130 while having to shoulder costs for competing overseas, including air fares, accommodation and registration fees.
"I only want to shed light on the situation faced by some of my teammates, and hope they'll receive better treatment," he said in another online post on Wednesday, before removing both posts.
Also at the reception, the president of the Sports Federation and Olympic Committee of Hong Kong, China, Timothy Fok, said more events are in the pipeline to make sure the athletes remain in the limelight after the Paris Games.