San Tin Tech City Chairman Endorses Government Innovation Spending as Right Approach
RTHK · 2 SOURCES1 day ago2 MIN
Summary
Chan Yik-chiu, Chairman of the San Tin Tech City Company Board, has thrown his support behind the government's recent push to invest heavily in innovation and technology development, calling it the "right approach." In an interview on the RTHK radio program "Broadcasting Avenue Guest Room," Chan outlined his vision for Hong Kong's emerging technology hubs, emphasizing the need for strategic focus given the city's limited land resources. He proposed that the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop should specialize in life and health sciences, while San Tin could accommodate microelectronics, robotics, and green manufacturing sectors.
Key Points
- Chan Yik-chiu, Chairman of the San Tin Tech City Company Board, endorsed the government's substantial investment in innovation and technology as the "right approach"
- He proposed a strategic division: life and health sectors should be based at the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop, while microelectronics, robotics, and green manufacturing could be developed in San Tin
- Chan noted that Hong Kong's land prices previously lagged significantly behind industrial zones in Shenzhen and Shantou, but the Sha Ling Supercomputing Center now offers competitive pricing comparable to Shenzhen-Shantou
- He identified three critical factors for attracting advanced manufacturing partners: competitive land pricing, tax incentives, and the Closer Economic Partnership Arrangement (CEPA)
- Chan expressed concern that CEPA has not been updated for many years, suggesting significant room for optimization in this economic framework
Why It Matters
Chan's endorsement carries significant weight as a private-sector leader directly involved in developing Hong Kong's flagship technology infrastructure. His call for CEPA modernization reflects growing industry sentiment that Hong Kong must streamline cross-border economic arrangements to remain competitive with neighboring Guangdong cities in attracting high-value advanced manufacturing investments .
Chan's endorsement carries significant weight as a private-sector leader directly involved in developing Hong Kong's flagship technology infrastructure. His call for CEPA modernization reflects growing industry sentiment that Hong Kong must streamline cross-border economic arrangements to remain competitive with neighboring Guangdong cities in attracting high-value advanced manufacturing investments .