Hong Kong and Shenzhen will jointly develop an innovation and technology park at the Lok Ma Chau Loop.
Chief Secretary Carrie Lam and Shenzhen Vice Mayor Ai Xuefeng signed the Memorandum of Understanding on Jointly Developing the Lok Ma Chau Loop by Hong Kong & Shenzhen today.
Chief Executive CY Leung and Shenzhen Mayor Xu Qin witnessed the signing ceremony. Mr Xu is also a Standing Committee Member of the CPC Guangdong Provincial Committee, and Party Secretary of the CPC Shenzhen Municipal Committee.
With a site area four times the size of Hong Kong Science Park, the 87-hectare Hong Kong/Shenzhen Innovation & Technology Park will be the largest innovation and technology platform ever set up in Hong Kong, Mr Leung said.
It will be a key base for co-operation between Hong Kong and the Mainland in innovation and technology research.
It will attract top enterprises, research institutions and higher education institutes from Hong Kong, the Mainland and overseas.
The Hong Kong Special Administrative Region Government will build the park's basic infrastructure.
The Hong Kong Science & Technology Parks Corporation will set up a subsidiary company to build the superstructure and operate the park.