Hong Kong authorities count on the occupancy rate at the brand new innovation and know-how (I&T) hub co-developed by the town and Shenzhen to hit 90 per cent in the first quarter of this yr, a goal beforehand set for the top of 2025.
Kevin Choi Kit-ming, everlasting secretary for innovation, know-how and trade, mentioned on Saturday that lease renewals can be primarily based on sure key efficiency indicators (KPIs) set for companies, however authorities would keep away from overly stringent requirements and make allowances for error.
The Hong Kong aspect of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, an 87-hectare (215-acre) I&T hub positioned at the Lok Ma Chau Loop, opened final month as a “special jurisdiction” complementing the adjoining, 302-hectare Shenzhen web site.
Sixty enterprises had already moved into the three accomplished first-phase buildings, representing an 80 per cent occupancy rate.
Choi, chairman of an organization overseeing the park’s operation, mentioned he anticipated a 90 per cent occupancy rate in the first quarter. The authorities initially anticipated the park to attain the purpose by the top of final yr.
He advised a radio programme that authorities would appeal to extra companies {and professional} companies to arrange store in the park, together with I&T incubators and regulation companies, to foster a extra mature enterprise ecosystem.
Choi added that lease renewal would contain rigorous scrutiny and evaluation of KPIs to guarantee tenant companies centered on cross-border analysis and growth (R&D) and pilot manufacturing – the park’s core goal.