Press Releases

Hong Kong-Shenzhen Innovation and Technology Park Limited Response to the Chief Executive’s 2022 Policy Address

19 Oct 2022

Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITPL) is so excited for various key initiatives to accelerate the development of innovation and technology industry in the Chief Executive's 2022 Policy Address. We continue to proactively align with the government's work on leading Hong Kong to become an international innovation and technology centre.

To proactively integrate into the overall development of the country and consolidate Hong Kong's advantages as an international city, the Government will study the trial implementation of a cross-boundary policy on I&T co-operation in an innovative, exclusive and designated manner, covering the flows of I&T material, capital, data and people between Hong Kong and Shenzhen, on the basis of "One zone, Two parks" and through in-depth co-operation with Shenzhen.

By collaborating with the OASES and making use of the $5 billion Strategic Tech Fund as well as the land and space provided for I&T uses starting from 2024 in Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in the Lok Ma Chau Loop, the Government also proposes to attract high-quality enterprises and talents to Hong Kong, primarily focusing on industries such as life and health technology, artificial intelligence and data science, as well as advanced manufacturing and new energy technology. In addition, the Government proposes to move full steam ahead with the construction of HSITP.

We fully support the Government’s goal on developing HSITP as an international I&T centre in the Greater Bay Area. We are so grateful for the Government's support for HSITP in terms of investment promotion and financial incentives. We are also convinced that this move will catalyse the development of a sound innovation and technology ecosystem in HSITP. In future, we will continue to fulfill the responsibilities of developing HSITP, support the Government in establishing an international I&T center, and build a more reliable I&T value chain for stakeholders and talent from the local, mainland and overseas I&T sectors.


Details of The Chief Executive’s 2022 Policy Address, please browse: https://www.info.gov.hk/gia/general/202210/19/P2022101900167.htm


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About Hong Kong-Shenzhen Innovation and Technology Park Limited

Hong Kong-Shenzhen Innovation and Technology Park Limited, a wholly-owned subsidiary of Hong Kong Science and Technology Parks Corporation is vested with the responsibility to develop, operate, maintain and manage the Park.

Upon its full development, the Park will provide a total gross floor area of about 1.2 million square metres.  The vision of the Park is to become the world’s knowledge hub and I&T centre, converging enterprises, R&D institutions and higher education institutions from local, Mainland and overseas, which can connect upstream and midstream research to downstream market, further enhancing collaboration among industry, academic and research sectors.  High value-added processes including R&D, prototyping, product design and testing can be performed within the Park.  With the Park’s strategic location at the Loop, the Park will form with the Shenzhen Technology and Innovation Zone a cohesive and synergistic Shenzhen-Hong Kong Technology and Innovation Co-operation Zone.  Enterprises in the Park can leverage on Shenzhen and the Greater Bay Area’s strong production facilities for mass production and tap into the huge Mainland market.


Website: http://www.hsitp.org


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