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economic development, infrastructure, I&T, A closer look: The Northern Metropolis
people’s livelihood and ecological environment. Strategy105
- To focus on the transport infrastructure-led The Northern Metropolis Development Strategy
development and establish the “Task Force for is the first strategic action agenda devised by the
Hong Kong-Shenzhen Co-operation on Cross- Hong Kong Government. It covers two district
Boundary Railway Infrastructure” to jointly develop administration areas including Yuen Long District
the “GBA on the Rail”. and North District, with a total land area of about
300 square kilometers. It’s expected to be the most
- To enhance Hong Kong’s status as an vibrant area where urban development and major
international financial center, and to expand population growth of Hong Kong will take place
further the channels for the two-way flow of in the next 20 years. It will serve as an innovative
cross-boundary RMB funds and develop offshore complement to the existing Harbour Metropolis
RMB products and tools. To support the HKEX to and be developed as an international innovation
promote co-operation with the Guangzhou Futures and technology hub which is anticipated to offer
Exchange in financial product development related 650,000 jobs, including 150,000 innovation and
to the areas of carbon emission trading. technology industry-related jobs. The strategy also
shows the determination of Hong Kong government
- To enhance Hong Kong’s status as an in solving the imbalance of land supplies, and
international transportation center, to develop upon the full development of the entire northern
a “Smart Port”, grow high value-added logistics metropolis, a total of 905,000 to 926,000 residential
and maritime business, and improve connectivity units will be available to accommodate a population
within the Greater Bay Area and beyond. of about 2.5 million. The integration with Shenzhen
and connection with the GBA via the Northern
- To enhance Hong Kong’s status as Metropolis, will further enhance the development
an international trade center, foster closer capacity of Hong Kong's sustainable development
commercial, trade and investment relations with and improve people's livelihood.
the ASEAN, and join the RCEP as soon as possible.
Create more favourable conditions for Hong Kong A closer look: The ‘Twin Cities, Three Circles’
enterprises to enter the Mainland China market Strategy106
under the framework of the Mainland China
and Hong Kong Closer Economic Partnership Hong Kong and Shenzhen have built close
Arrangement (CEPA). Improve small and medium interaction since reform and opening-up. The
enterprises’ access to bank financing through the “Twin Cities” refers to Hong Kong and Shenzhen,
Commercial Data Interchange. whereas the “Three Circles” includes, the Shenzhen
Bay Quality Development Circle, the Hong Kong
- To develop into an international Shenzhen Close Interaction Circle, and the Mirs
innovation and technology hub, develop a more Bay/Yan Chau Tong Eco recreation/tourism Circle.
comprehensive I&T ecosystem, so as to enable re The concept of “Twin Cities, Three Circles” covers
industrialization to take root in Hong Kong and the Shenzhen Hong Kong Boundary Control
complement I&T development in Shenzhen and Points Economic Belt and the most maturely
the GBA, thus making I&T a new impetus to the developed metropolitan core in Shenzhen, as well
economy of Hong Kong and developing Hong Kong as the Northern Metropolis in Hong Kong where
into an international I&T hub as promulgated in the the development potential is enormous with
14th Five Year Plan resources for urban development being speedily
pooled in. Among them, the Shenzhen Bay Quality
136
105 The Chief Executive’s 2021 Policy Address,
https://www.policyaddress.gov.hk/2021/eng/press.
html
106 The Chief Executive’s 2021 Policy Address,
https://www.policyaddress.gov.hk/2021/eng/press.
html
people’s livelihood and ecological environment. Strategy105
- To focus on the transport infrastructure-led The Northern Metropolis Development Strategy
development and establish the “Task Force for is the first strategic action agenda devised by the
Hong Kong-Shenzhen Co-operation on Cross- Hong Kong Government. It covers two district
Boundary Railway Infrastructure” to jointly develop administration areas including Yuen Long District
the “GBA on the Rail”. and North District, with a total land area of about
300 square kilometers. It’s expected to be the most
- To enhance Hong Kong’s status as an vibrant area where urban development and major
international financial center, and to expand population growth of Hong Kong will take place
further the channels for the two-way flow of in the next 20 years. It will serve as an innovative
cross-boundary RMB funds and develop offshore complement to the existing Harbour Metropolis
RMB products and tools. To support the HKEX to and be developed as an international innovation
promote co-operation with the Guangzhou Futures and technology hub which is anticipated to offer
Exchange in financial product development related 650,000 jobs, including 150,000 innovation and
to the areas of carbon emission trading. technology industry-related jobs. The strategy also
shows the determination of Hong Kong government
- To enhance Hong Kong’s status as an in solving the imbalance of land supplies, and
international transportation center, to develop upon the full development of the entire northern
a “Smart Port”, grow high value-added logistics metropolis, a total of 905,000 to 926,000 residential
and maritime business, and improve connectivity units will be available to accommodate a population
within the Greater Bay Area and beyond. of about 2.5 million. The integration with Shenzhen
and connection with the GBA via the Northern
- To enhance Hong Kong’s status as Metropolis, will further enhance the development
an international trade center, foster closer capacity of Hong Kong's sustainable development
commercial, trade and investment relations with and improve people's livelihood.
the ASEAN, and join the RCEP as soon as possible.
Create more favourable conditions for Hong Kong A closer look: The ‘Twin Cities, Three Circles’
enterprises to enter the Mainland China market Strategy106
under the framework of the Mainland China
and Hong Kong Closer Economic Partnership Hong Kong and Shenzhen have built close
Arrangement (CEPA). Improve small and medium interaction since reform and opening-up. The
enterprises’ access to bank financing through the “Twin Cities” refers to Hong Kong and Shenzhen,
Commercial Data Interchange. whereas the “Three Circles” includes, the Shenzhen
Bay Quality Development Circle, the Hong Kong
- To develop into an international Shenzhen Close Interaction Circle, and the Mirs
innovation and technology hub, develop a more Bay/Yan Chau Tong Eco recreation/tourism Circle.
comprehensive I&T ecosystem, so as to enable re The concept of “Twin Cities, Three Circles” covers
industrialization to take root in Hong Kong and the Shenzhen Hong Kong Boundary Control
complement I&T development in Shenzhen and Points Economic Belt and the most maturely
the GBA, thus making I&T a new impetus to the developed metropolitan core in Shenzhen, as well
economy of Hong Kong and developing Hong Kong as the Northern Metropolis in Hong Kong where
into an international I&T hub as promulgated in the the development potential is enormous with
14th Five Year Plan resources for urban development being speedily
pooled in. Among them, the Shenzhen Bay Quality
136
105 The Chief Executive’s 2021 Policy Address,
https://www.policyaddress.gov.hk/2021/eng/press.
html
106 The Chief Executive’s 2021 Policy Address,
https://www.policyaddress.gov.hk/2021/eng/press.
html
