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ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

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ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area
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ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

2024-10-09 20:13 Last Updated At:20:35

HONG KONG, Oct. 9, 2024 /PRNewswire/ -- The Hong Kong Applied Science and Technology Research Institute (ASTRI) has expanded its operation to Shenzhen, in alignment with the National 14th Five-Year Plan and the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area". This move aims to enhance collaborative innovation among industry, academia, and research institutes in the region.

ASTRI Technology Research (Shenzhen) Co., Ltd. [ASTRI (Shenzhen)], a wholly-owned subsidiary of ASTRI, relocated to the "Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone" (Hetao Cooperation Zone) earlier this year and was officially inaugurated today. This expansion marks a significant step in accelerating innovation and technology (I&T) cooperation within the Greater Bay Area (GBA).

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ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

The opening ceremony was officiated by Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government, Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, and Ir Sunny Lee, Chairman of ASTRI. Other guests include government officials and industry leaders from Hong Kong and Shenzhen, witnessing ASTRI's making new strides in Shenzhen, GBA and beyond.

Creating a World-Class Technology Industry Cluster

Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government, stated: "The Hetao Cooperation Zone is crucial for integrating I&T development between Hong Kong and the Mainland. Our goal is to establish a world-class I&T ecosystem that fosters talent and knowledge exchange. ASTRI's presence in Hetao will enhance cooperation between Hong Kong and Shenzhen's innovation sectors, contributing to the national development of 'new quality productive forces'."

Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, stated: "We will continue to provide robust support and quality services for all research and technology institutes in the Hetao Cooperation Zone, particularly those with presences in both Shenzhen and Hong Kong for promoting cross-border collaboration, such as ASTRI and ASTRI (Shenzhen). These supportive measures aim to facilitate the flow of talents, goods, capital, technology and information, which are crucial for the I&T development."

Enhancing Competitiveness Through Technology

Ir Sunny Lee, Chairman of ASTRI, highlighted the support from the Hetao Cooperation Zone provides for ASTRI (Shenzhen) in terms of space, policy, and funding.  "ASTRI (Shenzhen) will integrate research capabilities from both regions to strengthen collaboration with GBA corporations. We aim to undertake more cross-border R&D projects to promote technological transformation and industrialisation in the region."

He added, "By leveraging the strengths of both Hong Kong and Shenzhen, we aim to advance the development of an international I&T centre in the GBA, enhancing its global influence and achieving collaborative innovation and high-quality development."

At the opening ceremony, ASTRI (Shenzhen) hosted agreement signing ceremony with three Mainland enterprises: HKP Talential (Shenzhen) New Energy Co Ltd, Shenzhen Power Maker Technology Co Ltd, and the National Energy Internet Innovation Centre Co Ltd.

Ir Sunny Lee commented, "These collaborations exemplify how corporations can leverage Hong Kong's innovation and technology to enhance operational efficiency and overall competitiveness. We expect these partnerships to attract more business to engage with our R&D capabilities."

Focusing on Semiconductor and Smart Mobility Technologies

ASTRI (Shenzhen)'s new facilities are strategically located in the Hong Kong Science Park (Shenzhen Branch). The setup of over 1,300 sqm includes approximately 1,100 sqm of space, housing an office and an exhibition hall, with an additional 300 sqm of laboratory within the Hetao Cooperation Zone.

The facility's location benefits from the "No.1 Channel of Futian Bonded Area", a dedicated immigration passage connecting Lok Ma Chau with the Shenzhen Futian Free Trade Zone. This strategic positioning allows for a commute time of just 35 minutes between ASTRI's Hong Kong headquarter and ASTRI (Shenzhen), facilitating seamless collaboration between researchers and supporting ASTRI's expansion in the Mainland.

In July 2023, ASTRI's "International Application Fundamental Research Institute Project" was officially launched in the Hetao Cooperation Zone. ASTRI (Shenzhen) has initiated several R&D and testing projects, primarily focusing on third-generation semiconductors and next-generation communication technologies. Key developments include GaN high-end power technology development and testing platform, SiC smart power system development and testing platform, and smart campus simulation and testing platform. These platforms aim to facilitate technology transfer, commercialisation and promote technology exchanges while cultivating top-tier talent. Furthermore, in June 2024, ASTRI (Shenzhen) supported the first cross-border C-V2X test at Hetao, successfully completing autonomous driving tests and data collection under various extreme road conditions.

Ir Sunny Lee concluded, "Looking ahead, ASTRI (Shenzhen) will serve as a 'super connector', promoting collaboration among government, industry, academia and research institutes. We aim to facilitate the transformation and industrialisation of collaborative innovation outcomes between Hong Kong and Shenzhen in the Hetao Cooperation Zone and the GBA, contributing to the nation's development of 'new quality productive forces'."

Photo Download: https://bit.ly/3XG8DDW 

 

(From left to right) The opening ceremony of ASTRI (Shenzhen) was officiated by Ms Grace Lai, Director of Shenzhen Liaison Unit, HKSAR Government; Dr Jimmy Chiang, Deputy Director-General, Office for Attracting Strategic Enterprises, HKSAR  Government; Dr Sunny Chai, Chairman of the Hong Kong Science and Technology Parks Corporation; Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen; Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; Mr He Xinhong, Deputy Director of the Shenzhen Hong Kong and Macao Affairs Office; and Mr Lau Wai Ming, Assistant Commissioner for Innovation and Technology, HKSAR Government

 

 

ASTRI (Shenzhen) hosted agreement signing ceremony with three mainland enterprises. From left to right: Mr Zhou Xiaoming, Chairman of Shenzhen Power Maker Technology Co Ltd; Mr Chiu Hing Yuen, CEO of HKP Talential (Shenzhen) New Energy Co Ltd; Dr Daniel Shi, Chairman of ASTRI (Shenzhen), and Dr Zhao Zhigang, Dean of National Energy Internet Innovation Centre Co Ltd

 

 

(From left to right) Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; and Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, joined a ribbon-cutting ceremony for the opening of ASTRI (Shenzhen)

 

(From left to right) The opening ceremony of ASTRI (Shenzhen) was officiated by Ms Grace Lai, Director of Shenzhen Liaison Unit, HKSAR Government; Dr Jimmy Chiang, Deputy Director-General, Office for Attracting Strategic Enterprises, HKSAR  Government; Dr Sunny Chai, Chairman of the Hong Kong Science and Technology Parks Corporation; Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen; Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; Mr He Xinhong, Deputy Director of the Shenzhen Hong Kong and Macao Affairs Office; and Mr Lau Wai Ming, Assistant Commissioner for Innovation and Technology, HKSAR Government

 

 

ASTRI (Shenzhen) hosted agreement signing ceremony with three mainland enterprises. From left to right: Mr Zhou Xiaoming, Chairman of Shenzhen Power Maker Technology Co Ltd; Mr Chiu Hing Yuen, CEO of HKP Talential (Shenzhen) New Energy Co Ltd; Dr Daniel Shi, Chairman of ASTRI (Shenzhen), and Dr Zhao Zhigang, Dean of National Energy Internet Innovation Centre Co Ltd

 

 

(From left to right) Ms Lillian Cheong, Under Secretary for Innovation, Technology and Industry of the HKSAR Government; Ir Sunny Lee, Chairman of ASTRI; and Mr Zeng Jianpeng, Director-General of the Hetao Development Authority in Shenzhen, joined a ribbon-cutting ceremony for the opening of ASTRI (Shenzhen)

About ASTRI

Hong Kong Applied Science and Technology Research Institute (ASTRI) was founded by the Government of the Hong Kong Special Administrative Region in 2000 with the mission of enhancing Hong Kong's competitiveness through applied research. ASTRI's core R&D competence in various areas is grouped under five Technology Divisions: Advanced Electronic Components and Systems; Artificial Intelligence and Trust Technologies; Communications Technologies; Innovative Mind, and IoT Sensing and AI Technologies. It is applied across six core areas which are Smart City, Financial Technologies, New-Industrialisation and Intelligent Manufacturing, Digital Health, Application Specific Integrated Circuits and Metaverse.

Over the years, ASTRI has nurtured a pool of research, I&T talents and received numerous international awards for its pioneering innovations as well as outstanding business and community contributions. ASTRI has transferred 1,500 technologies to the industry and has been granted over 1,100 patents in the Mainland, the United States, and other countries. For further information, please visit www.astri.org

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

ASTRI's New Presence in Shenzhen Drives "New Quality Productive Forces" Pioneering Hong Kong's R&D Institute in Hetao Fuelling Innovation in Greater Bay Area

DUBAI, UAE, Feb. 6, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced two easy-to-use account modes on Bybit TradFi, designed to help both new and experienced users start trading traditional assets with confidence.

The new account modes, Zero-Fee mode and Tight-Spread mode, give users a clear choice in how they access markets such as gold, FX, and stocks, depending on their cost preferences and trading experience. Both operate on industry-standard foreign exchange brokerage models, with the primary distinction being how transaction costs are applied and displayed.

Under Zero-Fee mode, users can trade gold and other TradFi products with no separate commission charges, as trading costs are incorporated into the spread. This simplified structure makes it especially beginner-friendly, allowing anyone to get started right away without needing to manage complex fee calculations. Tight-Spread mode, by contrast, offers narrower spreads with a transparent commission structure, a format typically favored by more active traders who prioritize precision pricing and tighter market execution.

To make onboarding seamless, Zero-Fee mode is set as the default option for all new TradFi users, enabling them to start trading immediately. Eligible users may switch to Tight-Spread mode at any time, provided they accumulate a total TradFi deposit of at least 3,000 USDT in their TradFi account and have no open positions or pending orders at the time of the switch. Account mode changes can be completed through both the Bybit app and web platform within the TradFi trading interface.

The launch builds on a year of significant TradFi product expansion. In 2025, Bybit introduced U.S. stock CFD trading, expanded easy access to gold and FX trading under the unified TradFi banner, and completed web integration to enable seamless web-based trading. These developments reinforce Bybit TradFi's commitment to making traditional markets more accessible to everyday traders.

The introduction of dual account modes reflects Bybit TradFi's continued focus on lowering the barrier to entry while still supporting advanced trading strategies, maintaining transparency and consistency in pricing structures. Additional details on TradFi trading and account functionality are available on Bybit's official website.

#Bybit / #CryptoArk

Bybit TradFi is powered by Infra Capital (Mauritius FSC licensed). The service is now available to eligible users through the official Bybit app and website. Bybit TradFi is not available to residents of the European Economic Area, among other restrictions. For details of regional limitations, terms and conditions, and user eligibility, users may visit Bybit TradFi. Trading comes with risk.

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit's Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

 

DUBAI, UAE, Feb. 6, 2026 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced two easy-to-use account modes on Bybit TradFi, designed to help both new and experienced users start trading traditional assets with confidence.

The new account modes, Zero-Fee mode and Tight-Spread mode, give users a clear choice in how they access markets such as gold, FX, and stocks, depending on their cost preferences and trading experience. Both operate on industry-standard foreign exchange brokerage models, with the primary distinction being how transaction costs are applied and displayed.

Under Zero-Fee mode, users can trade gold and other TradFi products with no separate commission charges, as trading costs are incorporated into the spread. This simplified structure makes it especially beginner-friendly, allowing anyone to get started right away without needing to manage complex fee calculations. Tight-Spread mode, by contrast, offers narrower spreads with a transparent commission structure, a format typically favored by more active traders who prioritize precision pricing and tighter market execution.

To make onboarding seamless, Zero-Fee mode is set as the default option for all new TradFi users, enabling them to start trading immediately. Eligible users may switch to Tight-Spread mode at any time, provided they accumulate a total TradFi deposit of at least 3,000 USDT in their TradFi account and have no open positions or pending orders at the time of the switch. Account mode changes can be completed through both the Bybit app and web platform within the TradFi trading interface.

The launch builds on a year of significant TradFi product expansion. In 2025, Bybit introduced U.S. stock CFD trading, expanded easy access to gold and FX trading under the unified TradFi banner, and completed web integration to enable seamless web-based trading. These developments reinforce Bybit TradFi's commitment to making traditional markets more accessible to everyday traders.

The introduction of dual account modes reflects Bybit TradFi's continued focus on lowering the barrier to entry while still supporting advanced trading strategies, maintaining transparency and consistency in pricing structures. Additional details on TradFi trading and account functionality are available on Bybit's official website.

#Bybit / #CryptoArk

Bybit TradFi is powered by Infra Capital (Mauritius FSC licensed). The service is now available to eligible users through the official Bybit app and website. Bybit TradFi is not available to residents of the European Economic Area, among other restrictions. For details of regional limitations, terms and conditions, and user eligibility, users may visit Bybit TradFi. Trading comes with risk.

About Bybit

Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 80 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit's Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Bybit TradFi Launches Beginner-Friendly Account Modes Offering Easy Access to Gold Trading and Zero Fees

Bybit TradFi Launches Beginner-Friendly Account Modes Offering Easy Access to Gold Trading and Zero Fees

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