About 60 partnerships sign for HK-Shenzhen I&T Park

Of the agreements, 24 are new companies that are just setting up or expanding in Hong Kong.

Several companies have entered into a memorandum of understanding with the Hong Kong-Shenzhen Innovation & Technology Park Limited (HSITPL) as the park approaches its operational phase.

Authorities said around 60 enterprises from nine economies signed a partnership agreement, of which 24 are new or expanding in the Hong Kong market.

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HSITPL Chief Executive John Lee said the park “will form part of the Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone to become a key area of innovation and technology (I&T) development that transcends the city's boundary with the Mainland.”

He also noted that under the “one country, two systems” principle, Hong Kong enjoys the rule of law, a free and enterprising business environment, world-class infrastructure, a robust financial system as well as established research and development capabilities with its world-renowned institutions.