More of Northern Metropolis set to benefit from eased flow of cross-border resources
Development Bureau says measures to ease transfers in tech zone will be tested this year and may be applied to other parts of megaproject
The details were revealed in a government paper submitted to the Legislative Council that provided an update on drafting dedicated legislation to accelerate development of the 30,000-hectare (74,131-acre) megaproject near the border with mainland China.
According to the Development Bureau’s paper, the government and its mainland counterparts are discussing implementation details for the cross-border flow of data, materials and capital at the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone.
“We are actively pushing to implement a pilot project this year,” the bureau said in the paper. “Based on the actual situation, we will consider expanding the measures to areas outside the [zone’s] Hong Kong park.”
The zone, proposed by Beijing in 2017, comprises an 87-hectare park in Hong Kong and a 302-hectare park in Shenzhen.
Industry players have called for easing restrictions on the cross-border flow of elements such as biosamples to foster collaboration and support the city’s ambition to become a global innovation and technology hub.