Loop Hong Kong Park Rated Strategically Crucial for Nation in Northern Metropolis Plan
Thestandard · 1 SOURCESabout 1 hour ago2 MIN
Summary
Kevin Choi Kit-ming, Permanent Secretary for Innovation, Technology and Industry, declared the Loop Hong Kong Park a strategically vital national asset and the core igniter of Hong Kong's Northern Metropolis development, marking its significance in the first year of China's 15th Five-Year Plan. Speaking at a property forum organized by Sing Tao News Corporation on Tuesday, Choi emphasized the park's unique one-zone-two-parks structure operating across two distinct jurisdictions—a global first. The government announced an additional HK$10 billion injection into the Hong Kong-Shenzhen Innovation and Technology Park Corporation, with a portion to be implemented through a public-private partnership model to accelerate remaining land development.
Key Points
- The Loop Hong Kong Park serves as the core "igniter" of Northern Metropolis, Hong Kong's future economic development driver
- The Northern Metropolis is outlined in China's 15th Five-Year Plan, with Hong Kong drafting its first five-year plan aligned with national strategies
- The park operates under a unique "one zone, two parks" structure with two sections under distinct jurisdictions—a global first
- An additional HK$10 billion will be injected into the Hong Kong-Shenzhen Innovation and Technology Park Corporation via PPP model
- The Loop spans 87 hectares and is adjacent to a university town, positioning it to attract top local and international university campuses
Why It Matters
The Loop Hong Kong Park represents a landmark integration of Hong Kong's innovation ecosystem with mainland Shenzhen under a novel cross-border governance model, positioning the Northern Metropolis as a strategic engine for national economic growth in the 15th Five-Year Plan era while attracting high-end talent and university collaborations to the region .
The Loop Hong Kong Park represents a landmark integration of Hong Kong's innovation ecosystem with mainland Shenzhen under a novel cross-border governance model, positioning the Northern Metropolis as a strategic engine for national economic growth in the 15th Five-Year Plan era while attracting high-end talent and university collaborations to the region .