Ten AI, Biotech Firms to Lead Cross-Border Data Pilot at Hong Kong-Shenzhen Tech Hub
SCMP · 1 SOURCESabout 2 hours ago2 MIN
Summary
The Hong Kong government announced that approximately 10 artificial intelligence and biotechnology companies will be the first to participate in a cross-border data flow pilot scheme at the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) in the Northern Metropolis. Chief Executive John Lee Ka-chiu revealed during his final policy address on Wednesday that more than 100 innovation and technology firms have already established operations at the park, with a talent white list covering over 1,000 workers expected to be ready by mid-next year. The pilot scheme is set to launch this year and will facilitate the movement of data, capital, materials, and personnel across the Hong Kong-mainland border.
Key Points
- The cross-border data flow pilot scheme will involve around 10 AI and biotech companies and is expected to launch this year
- Chief Executive John Lee Ka-chiu made the announcement during his final policy address of his term on Wednesday
- More than 100 innovation and technology firms have already moved into HSITP, located in the Hetao cooperation zone at the Lok Ma Chau loop
- A talent white list to facilitate cross-border movement for more than 1,000 workers will be ready by mid-next year
- The white list will initially cover personnel directly involved in the development and operation of the Hong Kong park, who must still undergo immigration and customs clearance
- The connection bridge on the Western side is scheduled for completion alongside the white list next year
- The Hong Kong park covers 87 hectares while the Shenzhen park encompasses 302 hectares
- Two cross-boundary corridors over the Shenzhen River will link the two parks, with dedicated boundary control facilities at the Western bridge
Why It Matters
The pilot scheme marks a significant step toward integrating Hong Kong's technology ecosystem with the mainland's innovation hub, potentially giving companies in the park a competitive advantage in data-driven industries. The success of this initiative could pave the way for broader cross-border data flows, strengthening Hong Kong's role as a gateway between the mainland and international markets .
The pilot scheme marks a significant step toward integrating Hong Kong's technology ecosystem with the mainland's innovation hub, potentially giving companies in the park a competitive advantage in data-driven industries. The success of this initiative could pave the way for broader cross-border data flows, strengthening Hong Kong's role as a gateway between the mainland and international markets .