LCQ11: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone

LCQ11: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone


Following is a concern by the Hon Holden Chow and a written reply by the Secretary for Innovation and Technology, Mr Alfred Sit, in the Legislative Council today (September 15):





Concern:





At present, the Hong Kong Government and the Shenzhen Municipal Government are collectively establishing the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (Co-operation Zone), which consists of the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) and the Shenzhen Innovation and Technology Zone (SZ I&T Zone). In this connection, will the Government notify this Council:

( 1) considered that the Shenzhen Municipal Government launched 2 policy files on the Co-operation Zone in August in 2015, setting out the advancement instructions of the SZ I&T Zone and the assistance determines to help with entrepreneurship offered therein, when the Government will launch the appropriate policy files on the Co-operation Zone;-LRB-

( 2) whether it will think about a suggestion advanced by a think tank of carrying out in the HSITP a tax refund policy for research study and advancement expenses of business;-LRB-

( 3) whether it has actually predicted if the lease levels of the HSITP will be greater than those of the SZ I&T Zone; if it has actually forecasted and the result remains in the affirmative, of the steps in location to improve the competitiveness of the rental rates of the HSITP; and

( 4) of the variety of conferences held up until now by the Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation and Technology Park in the Loop, and whether both celebrations of Hong Kong and Shenzhen have checked out the methods for promoting company in and bring in financial investments to the HSITP; if so, of the information; if not, the factors for that?

Reply:





President,





Having actually spoken with the Financial Services and the Treasury Bureau, we offer the reply to the different parts of the concern as follows:





( 1 ), (3) and (4) The National 14 th Five-Year Plan discusses speeding up the advancement of the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) into a worldwide development and innovation (I&T) center, and for the very first time consists of the Shenzhen-Hong Kong Loop as a significant platform of co-operation in the Greater Bay Area. It likewise suggests clear assistance for Hong Kong’s advancement into a worldwide I&T center and additional deepening of the co-operation in between Hong Kong and Mainland in I&T, which shows the value the Central Government connects to Hong Kong’s I&T and the Loop advancement.

The Government is taking forward the advancement of the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in complete swing, and is presently pushing ahead with the works job at complete steam with a view to finishing the 8 structures in Batch 1 in stages from end2024 When we sent the financing propositions on the associated advancement and the preliminary operating expense of the Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITPL) to the Finance Committee of the Legislative Council early this year, we have actually presented to the Committee that the vision of the HSITP is to end up being the world’s understanding center and I&T centre, and will concentrate on the advancement of 6 innovation locations, specifically health care innovations, huge information and expert system, robotics, brand-new product, microelectronics, and monetary innovation. The HSITPL will prepare strategies as proper to bring in occupants based upon the above and with referral to the experience of I&T platforms around the globe, consisting of the admission requirements and rental policy, with a view to guaranteeing the worldwide competitiveness of the HSITP. The HSITPL will likewise take into consideration the experience of the Hong Kong Science Park and Cyberport so regarding put in location suitable incubation programs and assistance plans for start-ups.

Hong Kong and Shenzhen have actually constantly been close partners in the advancement of I&T, and are collectively taking forward the advancement of the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (Co-operation Zone), making up the HSITP and the Shenzhen Innovation and Technology Zone (SZ I&T Zone), to develop the “One Zone, Two Parks”. Far, the Joint Task Force on the Development of the Hong Kong-Shenzhen Innovation and Technology Park in the Loop (Joint Task Force), co-chaired by the Secretary for Innovation and Technology and the Vice Mayor of Shenzhen Municipality, has actually held 8 conferences. Both sides have actually exchanged views on the advancement of the Co-operation Zone and got rundowns on the work development by the HSITPL through the Joint Task Force. The Shenzhen Municipal Government has actually likewise presented the most recent advancement of the SZ I&T Zone to the Hong Kong Special Administrative Region Government through the Joint Task Force.

On September 6, the federal governments of Hong Kong and Shenzhen signed the “Co-operation Arrangement on the Establishment of ‘One Zone, Two Parks’ in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone at the Lok Ma Chau Loop” (Co-operation Arrangement) (Note 1) at the High-level Meeting orgasm Hong Kong/Shenzhen Co-operation Meeting 2021, setting out the instructions of co-operation for the advancement of the Co-operation Zone. At the very same time, in order to bring in skill and business to establish in the Co-operation Zone, the federal governments of both sides introduced a joint policy plan (Note 2) to carry out steps favorable to the circulation of skill, clinical research study resources and organization advancement, and so on

The Hong Kong Science and Technology Parks Corporation (HKSTPC) likewise signed a structure contract with Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone Development Co Ltd in the kind of an annex to the Co-operation Arrangement. The 2 federal governments likewise saw the plaque unveiling of the joint workplace of the Co-operation Zone after the conference. As an essential action in taking forward the facility of “One Zone, Two Parks”, the HKSTPC will begin the facility of the Shenzhen branch of the Hong Kong Science Park in the SZ I&T Zone prior to the conclusion of the very first batch of structures in the HSITP, therefore permitting institutes and business that have an interest in beginning company in the Greater Bay Area to very first develop existence in the Shenzhen branch. The HKSTPC will likewise establish the InnoAcademy of the Greater Bay Area in the Shenzhen branch of the Hong Kong Science Park to supply extensive services to I&T skill of both sides, covering 3 crucial functions of a resource centre, a training center, and an exchange platform. With the set-up of InnoExpress of the Greater Bay Area, organization advancement assistance will be offered Hong Kong and Mainland I&T business, capitalising Hong Kong’s functions in drawing in foreign financial investment and going worldwide.





( 2) To motivate more business to perform research study and advancement (R&D) operate in Hong Kong, the Government modified the Inland Revenue Ordinance in 2018 so regarding offer a two-tiered improved tax reduction for expenses sustained by business on certifying R&D activities given that April 1,2018 The reduction is 300 percent for the very first $2 countless the certifying R&D expenses sustained by business, and 200 percent for the staying quantity. There is no cap on the quantity of the appropriate improved tax reduction which uses to all business, consisting of those developing existence in the HSITP in the future.





Keep in mind 1: “Co-operation Arrangement on the Establishment of ‘One Zone, Two Parks’ in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone at the Lok Ma Chau Loop” ( www.itb.gov.hk/assets/files/press_release/pr_20210906 b_tc. pdf) (Chinese just)





Keep in mind 2: Joint Policy Package for the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone in the Loop ( www.itb.gov.hk/assets/files/press_release/pr_20210906 c_en. pdf).

Ends/Wednesday, September 15,2021



Provided at HKT 15:15

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