Latest news with #ScienceandTechnologyInnovationCooperationZone
South China Morning Post
24-04-2025
- Business
- South China Morning Post
Tech firms thrive in cross-border Hong Kong and Shenzhen innovation hub
Information Technology companies operating within an innovation hub jointly developed by Hong Kong and Shenzhen have said that their office location allowed them to gain a competitive edge through cheaper rents, subsidies for innovation and easier access to talent. Advertisement The Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, an initiative proposed by Beijing in 2017, comprises two areas separated at the border, with Hong Kong contributing 87 hectares (215 acres) and its mainland Chinese city offering 302 hectares. The zone is aimed at attracting talent, creating wealth and transforming strategic industries. 'We ultimately established our office in the Hetao [Shenzhen area] after considering various cities in Guangdong Province, due to its geographic advantages, close ties to Hong Kong, and a wealth of talent,' said Zhou Jun, vice-president of Towngas Smart Energy and also head of the technology application centre at the Hong Kong and China Gas Company. He added that Shenzhen had a large pool of young talent, and that the atmosphere for start-ups was vibrant. Advertisement He said establishing offices in Hetao offered numerous benefits. Citing his own company as an example, he explained that they received support from the Shenzhen government in the form of relatively lower office rental rates compared to market prices He also added that they received a subsidy of 10 million yuan (US$1.37 million) for research and development from the Shenzhen government.
South China Morning Post
24-04-2025
- Business
- South China Morning Post
Tech firms thrive in cross-border Hong Kong and Shenzhen innovation hub
Information Technology companies operating within an innovation hub jointly developed by Hong Kong and Shenzhen have said that their office location allowed them to gain a competitive edge through cheaper rents, subsidies for innovation and easier access to talent. Advertisement The Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, an initiative proposed by Beijing in 2017, comprises two areas separated at the border, with Hong Kong contributing 87 hectares (215 acres) and its mainland Chinese city offering 302 hectares. The zone is aimed at attracting talent, creating wealth and transforming strategic industries. 'We ultimately established our office in the Hetao [Shenzhen area] after considering various cities in Guangdong Province, due to its geographic advantages, close ties to Hong Kong, and a wealth of talent,' said Zhou Jun, vice-president of Towngas Smart Energy and also head of the technology application centre at the Hong Kong and China Gas Company. He added that Shenzhen had a large pool of young talent, and that the atmosphere for start-ups was vibrant. Advertisement He said establishing offices in Hetao offered numerous benefits. Citing his own company as an example, he explained that they received support from the Shenzhen government in the form of relatively lower office rental rates compared to market prices He also added that they received a subsidy of 10 million yuan (US$1.37 million) for research and development from the Shenzhen government.
South China Morning Post
13-02-2025
- Business
- South China Morning Post
Hong Kong's leader stresses need to act on message from Beijing's Xia Baolong
Hong Kong's leader has tasked his senior officials with following up on directions given by Beijing's point man on city affairs, urging his ministers during a meeting to further cross-border cooperation through large-scale development projects. Chief Executive John Lee Ka-chiu held the meeting on Thursday morning, two days after he returned from the Asian Winter Games in Harbin, emphasising efforts must be stepped up on the development of the Northern Metropolis and Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone. Lee was out of the city when Xia Baolong, director of the Hong Kong and Macau Affairs Office, met ministers as he made a three-day fact-finding trip to Shenzhen starting on Saturday. 'We need to streamline procedures to better integrate the efforts of the government, market and society to expedite the first batch of industries setting foot in the Northern Metropolis,' Lee said on social media. He was referring to the megadevelopment that aims to turn 30,000 hectares of land near the city's border with mainland China into a new economic engine and housing hub. Lee added that authorities should promote aligning the regulations and mechanisms of Hong Kong and the mainland in the cooperation zone in Hetao to improve the flow of people, goods, capital and information.
