Authorities from Hong Kong and Shenzhen signed a memorandum of understanding on January 4th, 2017, to develop a new innovation and technology park in the Lok Ma Chau Loop area located on their shared border. The Hong Kong/Shenzhen Innovation and Technology park will provide facilities for companies participating in the development of four, specified fields robotics, biomedicine, financial technology, and smart cities.

The park is intended to serve as a strong infrastructure to support the evolution of Hong Kong’s rising technology sector and contribute to the growing global demand for smart city technologies. The park, planned to cover some 1.2 million square meters, will be the largest ever established in Hong Kong and bring industry businesses together with related higher education and other complementary facilities to offer companies from both Hong Kong and Mainland China opportunities to develop novel solutions.

Read the South China Morning Post story on the park 

ZDNet reports on the park 

See the full text of the memorandum 

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