Policy Address

(D) Expedite the Development of the Loop

49. The Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone (the Co-operation Zone) is located on both sides of the Shenzhen River, comprising Shenzhen Park and Hong Kong Park. Leveraging the advantages of "one zone, two parks", the Co-operation Zone will promote collaboration between the two parks in the development of I&T.

50. The construction of the first three buildings in Phase 1 of the Hong Kong Park of the Co-operation Zone (Hong Kong Park) has been completed. Tenants from life and health technology, microelectronics, new energy, AI and other pillar industries are gradually moving in. The construction of the other five buildings will be completed progressively from 2027.

51. The Government will roll out parcels of the remaining land in Phase 1 this year. We will complete Phase 2 planning for the development scale and distribution of industries to finalise Hong Kong Park's overall layout and consider offering work spaces flexibly to companies under the "moving in while construction is underway" approach. That will enable them to move in earlier without having to wait for the completion of the entire park's construction.