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Development Circle is located in the northwest On 6 September 2021, Shenzhen and Hong Kong
of Hong Kong, and is connected to Qianhai to signed the "Cooperation Arrangement on Promoting
promote the development of high-end enterprises; the Construction of "One Zone and Two Parks" in the
the Hong Kong Shenzhen Close Interaction Circle Hong Kong - Shenzhen Innovation and Technology
is located closely around Hong Kong’s Gudong Park (HSITP). It focuses on the establishment of the
North and the Hong Kong-Shenzhen Innovation Shenzhen Branch of the Hong Kong Science Park
and Technology Park, which can be connected and the Greater Bay Area InnoAcademy, to provide
to the Liantang Internet Industry Cluster, to resources, training and talents for both Shenzhen
enhance the innovation cooperation; the Mirs and Hong Kong. The collaboration also includes
Bay/Yan Chau Tong Eco recreation/tourism Circle the establishment of Greater Bay Area Innovation
is expected to be optimized into a protected area and Technology InnoExpress to offer business
to increase ecological value. development support for Mainland China innovation
and Hong Kong technology enterprises. At present,
Special Economic Zones Hong Kong - Shenzhen Innovation and Technology
Park (HSITP) have three dominated development
The Lok Ma Chau Loop “Hong Kong/Shen- directions, including life sciences, information science
zhen Innovation and Technology Park” and materials science, and six key innovative areas,
including medical technology, big data and artificial
The Lok Ma Chau Loop (an area south of intelligence, robotics, new materials, microelectronics,
Shenzhen River and near the Lok Ma Chau control and FinTech. By 2035, it’s expected to see the
point in Hong Kong) was earmarked in March 2017 integration of innovation, industry and service and
to be developed into the Hong Kong/Shenzhen become a growth engine not only for Shenzhen and
Innovation and Technology Park following a Hong Kong, but also for the whole GBA107.
Memorandum of Understanding signed by the
Hong Kong and Shenzhen governments in January Qianhai Shenzhen-Hong Kong Modern
2017 for cross-border collaboration. At 87 hectares, Service Industry Cooperation Zone
it is anticipated to be the largest innovation and
technology platform ever established in the On 26 August 2010, the State Council approved
history of Hong Kong and will act as a key base for the "Overall Development Plan for Qianhai
cooperation in innovation and technology research Shenzhen-Hong Kong Modern Service Industry
to attract top-tier enterprises, research institutions Cooperation Zone". The strategic positioning of
and higher education institutes from Hong Kong, the cooperation zone is a modern service industry
Mainland China and the rest of the world. More system and mechanism innovation zone, a modern
importantly, the Park has two major connecting service industry development cluster area, a pilot
areas: One is the adjoining area of the Loop on zone for cooperation where Hong Kong is closely
the Hong Kong side with 182 hectares of land, connected with the Mainland China and a leading
designated as Area B in the development plan. zone for industrial upgrading in the Pearl River Delta.
This area is two times larger than the Loop (Area
A) and is reserved for further development. The By the end of 2020, there were 11,300 Hong
other is the Shenzhen Innovation and Technology Kong-invested enterprises registered in the
Park located adjacent to the Loop on the Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone,
side (Area C) with a total area of 167 hectares. Both with a registered capital of RMB1.3 trillion. The
cities agreed to seek stronger policy support from actual utilization of Hong Kong capital reached
the Central Government for the Shenzhen/Hong US$3.8 billion, which increased by 4.8 % when
Kong Technology and Innovation Cooperation compared to 2019, accounting for 88.3 % of the
Zone, which will create cluster and synergy effects. total utilization of foreign capital in Qianhai.
The three areas encompass a total area of 426 Hong Kong enterprises are becoming increasingly
hectares. It will occupy sufficient space to be significant in Qianhai’s economy108.
developed into a global IT hub.
107 Liaison office of the central people’s govern-
138 ment in the Hong Kong, http://www.locpg.gov.cn/
jsdt/2021-10/14/c_1211404394.htm
108 Shenzhen Government Online, http://www.
sz.gov.cn/en_szgov/news/infocus/Qianhai/content/
post_8707179.html
of Hong Kong, and is connected to Qianhai to signed the "Cooperation Arrangement on Promoting
promote the development of high-end enterprises; the Construction of "One Zone and Two Parks" in the
the Hong Kong Shenzhen Close Interaction Circle Hong Kong - Shenzhen Innovation and Technology
is located closely around Hong Kong’s Gudong Park (HSITP). It focuses on the establishment of the
North and the Hong Kong-Shenzhen Innovation Shenzhen Branch of the Hong Kong Science Park
and Technology Park, which can be connected and the Greater Bay Area InnoAcademy, to provide
to the Liantang Internet Industry Cluster, to resources, training and talents for both Shenzhen
enhance the innovation cooperation; the Mirs and Hong Kong. The collaboration also includes
Bay/Yan Chau Tong Eco recreation/tourism Circle the establishment of Greater Bay Area Innovation
is expected to be optimized into a protected area and Technology InnoExpress to offer business
to increase ecological value. development support for Mainland China innovation
and Hong Kong technology enterprises. At present,
Special Economic Zones Hong Kong - Shenzhen Innovation and Technology
Park (HSITP) have three dominated development
The Lok Ma Chau Loop “Hong Kong/Shen- directions, including life sciences, information science
zhen Innovation and Technology Park” and materials science, and six key innovative areas,
including medical technology, big data and artificial
The Lok Ma Chau Loop (an area south of intelligence, robotics, new materials, microelectronics,
Shenzhen River and near the Lok Ma Chau control and FinTech. By 2035, it’s expected to see the
point in Hong Kong) was earmarked in March 2017 integration of innovation, industry and service and
to be developed into the Hong Kong/Shenzhen become a growth engine not only for Shenzhen and
Innovation and Technology Park following a Hong Kong, but also for the whole GBA107.
Memorandum of Understanding signed by the
Hong Kong and Shenzhen governments in January Qianhai Shenzhen-Hong Kong Modern
2017 for cross-border collaboration. At 87 hectares, Service Industry Cooperation Zone
it is anticipated to be the largest innovation and
technology platform ever established in the On 26 August 2010, the State Council approved
history of Hong Kong and will act as a key base for the "Overall Development Plan for Qianhai
cooperation in innovation and technology research Shenzhen-Hong Kong Modern Service Industry
to attract top-tier enterprises, research institutions Cooperation Zone". The strategic positioning of
and higher education institutes from Hong Kong, the cooperation zone is a modern service industry
Mainland China and the rest of the world. More system and mechanism innovation zone, a modern
importantly, the Park has two major connecting service industry development cluster area, a pilot
areas: One is the adjoining area of the Loop on zone for cooperation where Hong Kong is closely
the Hong Kong side with 182 hectares of land, connected with the Mainland China and a leading
designated as Area B in the development plan. zone for industrial upgrading in the Pearl River Delta.
This area is two times larger than the Loop (Area
A) and is reserved for further development. The By the end of 2020, there were 11,300 Hong
other is the Shenzhen Innovation and Technology Kong-invested enterprises registered in the
Park located adjacent to the Loop on the Shenzhen Qianhai Shenzhen-Hong Kong Cooperation Zone,
side (Area C) with a total area of 167 hectares. Both with a registered capital of RMB1.3 trillion. The
cities agreed to seek stronger policy support from actual utilization of Hong Kong capital reached
the Central Government for the Shenzhen/Hong US$3.8 billion, which increased by 4.8 % when
Kong Technology and Innovation Cooperation compared to 2019, accounting for 88.3 % of the
Zone, which will create cluster and synergy effects. total utilization of foreign capital in Qianhai.
The three areas encompass a total area of 426 Hong Kong enterprises are becoming increasingly
hectares. It will occupy sufficient space to be significant in Qianhai’s economy108.
developed into a global IT hub.
107 Liaison office of the central people’s govern-
138 ment in the Hong Kong, http://www.locpg.gov.cn/
jsdt/2021-10/14/c_1211404394.htm
108 Shenzhen Government Online, http://www.
sz.gov.cn/en_szgov/news/infocus/Qianhai/content/
post_8707179.html
