Companies running technology parks in Hong Kong’s Northern Metropolis may pursue similar activities while competing to attract enterprises and investment, Technology Minister Sun Dong said, adding that a little competition was not harmful.
The government has established operating companies for three technology parks. The parks include the San Tin Technopole, whose stated focus is innovation and technology, and the Hetao Hong Kong Park, which focuses on research and development. Sun said officials would improve communication with the companies managing the parks to prevent confusion about what each park handles.
Responsibilities between the relevant bureaux would remain divided, Sun said. The Innovation, Technology and Industry Bureau would handle innovation and technology, while the Development Bureau would oversee land development and construction.
He gave San Tin as an example of how the arrangement would work. Companies seeking to carry out advanced construction or transport and logistics work there would be referred to other sites. If they still chose San Tin, they would receive operational guidance from the relevant bureaux, Sun said.
Sun said 80% of the floor space in Building 1 of the 10-storey Loop Academic One had been leased, while Loop Academic One’s other four buildings were expected to be operational by the end of 2026.
At the Microelectronics Centre in Yuen Long, two pilot lines of the Hong Kong Microelectronics Research and Development Institute are expected to begin operating by the end of 2026. He added that the institute had received orders under cooperation agreements and that the pilot lines could handle more than 50 such orders each year.