Hong Kong committed to developing science and technology

Hong Kong’s unique advantages make it indispensable to China.

"We are devoted to the development of science and technology clusters in Hong Kong. Developed at an estimated cost of $4.9 billion,” said Gregory So, Secretary for Commerce & Economic Development.

“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."

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.

Hong Kong’s position as the testing ground for China’s science and technology firms that want to go global further enhances the complementary strengths of both sides.

So co-chaired the fifth meeting of the Steering Group on Shenzhen-Hong Kong Co-operation in Innovation & Technology in Shenzhen 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.

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.