Stakeholders Urge National Backing For 'high-quality' Bay

- May 25, 2018-

Zhang Yuge – director of the Center for Hong Kong and Macao Studies at the China Development Institute, a Shenzhen-based think tank – agreed. Zhang emphasized Hong Kong’s “model” role in the 11-city cluster, which contributed 12 percent national GDP in 2016 despite occupying less than 1 percent of the nation’s land.

To build a “high-quality” Bay Area, innovation must be the key, Zhang noted while seeking greater national support. This includes siting more national scientific projects in the Bay Area - drawing on Han’s vision to build the cluster into an international innovation hub.

In Shenzhen, China’s “silicon valley”, Han visited two innovation strongholds including the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub – a popular choice for Hong Kong youth to start businesses on the mainland, and the Shenzhen-Hong Kong innovation technology special cooperation area, a 4-square-kilometer area where a batch of innovation projects were bred.

Media reports credit the hub with incubating 304 entrepreneurial teams, including 158 from the Hong Kong and Macao special administrative regions. The hub, which gives comprehensive support to startups, has provided 1,500 internship positions for Hong Kong’s undergraduates, and hosted nearly 20,000 Hong Kong students.

R-Guardian, a company offering smart personal belongings, was among the six entrepreneurial teams Han visited during his tour.

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