HK helps enterprises go global

May 18, 2012

With Hong Kong's traditional strengths and unique advantages, the city will serve as the testing ground for the Mainland's science and technology enterprises to go global, further enhancing collaboration and the complementary strengths of both sides.
 
This was the message from Secretary for Commerce & Economic Development Gregory So who co-chaired the fifth meeting of the Steering Group on Shenzhen-Hong Kong Co-operation in Innovation & Technology in Shenzhen today, with the city's Vice Mayor Tang Jie.
 
During the meeting, members reviewed work progress since the last meeting, and consolidated the successful experience of the Three-year Action Plan under the Shenzhen-Hong Kong Innovation Circle. Members also confirmed the priority of work for 2012-13.
 
Chinese University, City University, Polytechnic University and the University of Science & Technology have established their Industry, Academic & Research Bases under the Three-year Action Plan. The bases are used for research and development work, including applied research and incubation projects. 
 
"We are devoted to the development of science and technology clusters in Hong Kong. Developed at an estimated cost of $4.9 billion, Hong Kong Science Park Phase Three will be completed in stages from early 2014 to provide an additional gross floor area of 105,000 square metres, accommodating 150 companies with 4,000 research and development related jobs," Mr So said.
 
The co-operation agreement on the Shenzhen-Hong Kong Innovation Circle was signed in May 2007. The steering group is an important platform for promoting exchange and collaboration in innovation and technology between the two sides.