While Hong Kong gears up for another day, another protest, the provincial capital is building a tech park to cement ties between the two cities. Yesterday saw the Guangzhou-Hong Kong Science and Technology Cooperation Park launch 13 major projects, unveil five innovative platforms, and sign 18 industrial projects.
How much is all this worth, you may ask? Try RMB152.3 billion.
The park is being jointly developed by Guangzhou’s Huangpu district government, the Guangzhou Hi-Tech Park, and the Hong Kong government. Located in the Guangzhou Development Zone, the park covers an area of 14.5 sqkm. The 13 major projects include strategic emerging industries such as hydrogen energy, AI, and smart wearables, with many funded by Hong Kong companies or joint ventures between Hong Kong and Guangzhou enterprises.
One of the key projects is the Beijing-Guangzhou Collaborative Innovation Center. It is the first collaboration between two national-level development zones, which formed a strategic cooperation relationship in July. The project aims to promote technology and industry partnerships among the cities of Beijing, Guangzhou, Hong Kong and Macau.