25 February 2026 – Hong Kong – Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITPL) welcomes the 2026–27 Budget (Budget) announced today by the HKSAR Government. The Budget includes an additional capital injection of $10 billion into HSITPL to accelerate the development of the Hetao Hong Kong Park. This funding will inject fresh impetus into Hong Kong’s innovation and technology (I&T) infrastructure and the formation of industry clusters.
As a development project highly valued at the national level, the Hetao Hong Kong Park—strongly supported by the HKSAR Government—will further develop a full-chain industry support ecosystem. It will better align with the National 15th Five-Year Plan in building a modernised industrial system, accelerating high-level technological self-reliance and strength, and serving as an important source of new quality productive forces.
The additional $10 billion will help advance several key development areas of the Park, including accelerating the development of the remaining sites under Phase 1 and attracting local and overseas I&T enterprises and research teams to establish operations in the Park; leveraging public-private partnerships and harnessing market forces to drive development; providing essential infrastructure to promote industry-academia-research collaboration and outcome transformation, facilitate pilot-scale testing, and enable application scenarios; and strengthening support for start-ups, further enhancing the Park’s overall operational facilities and services, and comprehensively boosting its capacity and international competitiveness.
Mr. Vincent Ma, Chief Executive Officer of HSITPL said, “We are grateful to the HKSAR Government for its continued commitment of resources to support the acceleration and scaling up of development at the Hetao Hong Kong Park. The first batch of three buildings has been completed and commenced operation, including wet laboratories and talent accommodation. To date, more than 60 companies have established operations in the Park, and we expect the occupancy rate to reach 90% in the first quarter of this year.
Infrastructure projects are progressing at full speed. Building 1 under the first batch of Phase 1 is expected to be completed on schedule this year, while the remaining four buildings are expected to be completed progressively starting from 2027, providing more internationally competitive development space for Hong Kong’s I&T industries. In addition, HSITPL will roll out the remaining sites under Phase 1 in an orderly manner within this year. We will consider tendering, joint ventures, or other suitable approaches to engage private market partners, with a view to making the best use of market resources to advance the development of the Hetao Hong Kong Park.”
HSITPL also welcomes the HKSAR Government’s announcement today that a dedicated company will be established this year to drive the development of the San Tin Technopole. As an extension of the Loop, the San Tin Technopole will form upstream, midstream, and downstream synergies with the Hetao Hong Kong Park, jointly building a comprehensive industry ecosystem.
The industrial positioning of the San Tin Technopole aligns closely with the key development focus of the Hetao Hong Kong Park. HSITPL looks forward to maintaining close liaison and collaboration with the dedicated company of the San Tin Technopole to jointly promote investment attraction, attract research and advanced manufacturing enterprises, deepen collaboration with stakeholders, and seize the significant opportunities arising