An innovative Shenzhen park envisioned
Updated: August 29, 2023 17:17

The State Council released a plan for the Shenzhen park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone (HTCZ), amid efforts to further implement the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, according to a circular issued on Aug 29.

The plan is aimed at pushing forward the high-quality construction of the Shenzhen park to top-level standards, and synergistic development with the Hong Kong section in a mutually complementary manner.

The cooperation zone, covering about 3.89 square kilometers, is situated on the northern part of Hong Kong and central southern part of Shenzhen, straddling the boundary area, a natural convergence of Hong Kong's Northern Metropolis and the Guangzhou-Shenzhen-Hong Kong science and technology innovation corridor.

The Shenzhen park, which includes Futian Bonded Zone and Huanggang Checkpoint, covers an area of 3.02 square km and the Hong Kong park, 0.87 square km.

The Shenzhen park is set to establish an efficient Shenzhen-Hong Kong technology innovation synergetic mechanism by 2025, and generate positive results from open cooperation between the two areas in technological innovation, according to the plan.

By 2035, a Shenzhen- Hong Kong synergetic innovation configuration will be fully formed, and the area will grow into a world-class science research hub.

To join hands with Hong Kong to advance international technological innovation, support will be given to top-level disciplines of universities in Hong Kong and Macao to help them upgrade.

The Shenzhen park is also asked to set up an international competitive base for industrial pilot-scale tests and transformation, and prompt breakthroughs for the new generation information technology industry.

To build an international technology innovation mechanism, the Shenzhen park is required to tighten supervision on cross-border capital flow for scientific research, better protect intellectual property rights, and create a similar tax environment as Hong Kong.

The Shenzhen park will become a technological cooperation platform that gathers global intelligence and a hub for innovation talents, according to the plan.

Safeguard measures, involving leadership, organization, and the rule of law are also outlined in the plan.

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