NEWS & EVENTS ONLINE EXCLUSIVE

Joint Task Force meeting on the Development of the Hong Kong-Shenzhen Innovation and Technology Park

Hong Kong, 9 April 2021 — The Secretary for Innovation and Technology, Mr Alfred Sit, and the Vice Mayor of Shenzhen Municipality, Mr Ai Xuefeng, co-chaired the eighth meeting of the Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation and Technology Park in the Loop via video conferencing.

Both sides received a briefing on the work progress by the Hong Kong-Shenzhen Innovation and Technology Park Limited. Representatives from the Shenzhen Government also introduced the latest developments of the Shenzhen Innovation and Technology Zone (SZ I&T Zone). Both sides also received a briefing on the work progress of the establishment of “one zone, two parks” in the Shenzhen/Hong Kong Innovation and Technology Co-operation Zone, and exchanged views on the developments and co-operation of the two innovation and technology (I&T) parks.

Mr Sit said at the meeting that the “Outline of the 14th Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the Long-Range Objectives Through the Year 2035” passed in March this year indicates clear support for Hong Kong’s development into an international I&T hub and the Shenzhen-Hong Kong Loop has been included as one of the four major platforms of co-operation in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

All this highlights the importance the Central Government attaches to the Co-operation Zone. The Governments of the two cities will continue to develop the Co-operation Zone, which comprises the Hong Kong-Shenzhen Innovation and Technology Park (the Park) and the SZ I&T Zone, with a view to establishing “one zone, two parks”. Before the completion of the first batch of buildings in the Park, the Hong Kong Science and Technology Parks Corporation will lease and manage certain areas of the SZ I&T Zone, allowing institutes and enterprises interested in starting their business in the GBA to establish their presence.

To attract more talent and enterprises to the Co-operation Zone, both sides will continue to study the formulation of joint policy, exploring to provide facilitation and supportive measures in the aspects of research and development resources, capital and people flow, and to join hands to promote the Co-operation Zone. — Construction+ Online