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China's Greater Bay Area attracts int'l enterprises, forging new tech hub

China

China

China

China's Greater Bay Area attracts int'l enterprises, forging new tech hub

2026-01-11 17:01 Last Updated At:01-12 23:19

A growing number of international enterprises have launched operations at the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, positioning it as a global technology hub just one month after its official launch.

The park was set up on December 22, 2025 and established under the vision of "one river, two banks" and "one zone, two parks". It consists of the 87-hectare Hong Kong Park and the 300-hectare Shenzhen Park. The Hetao Hong Kong Park is located in the Northern Metropolis, an area adjacent to the border with south China's tech hub Shenzhen.

Founded in Canada and listed on the Nasdaq Capital Market, Pinnacle Food Group is expanding to Hong Kong, specifically to the Hong Kong Park within the Hetao Cooperation Zone.

Among the 60 enterprises already registered here, the company's Asia-Pacific President Andrew Zhu sees a unique opportunity.

"The country prioritizes biosecurity, food security, and the Healthy China Initiative, with biotechnology being key to these goals. We established our biotech lab in Hong Kong to bridge global cutting-edge resources with national development needs," Zhu said.

With one park in Hong Kong and another in Shenzhen, the Hetao Cooperation Zone serves as a pivotal hub for international sci-tech innovation and a growth engine of the Greater Bay Area.

As Zhu points out, this dual role, connecting globally while serving the nation, is what makes Hong Kong uniquely irreplaceable.

"On one hand, Hong Kong offers a highly international research environment and standards, enabling collaboration in global cutting-edge technologies. On the other hand, its close ties with the Chinese mainland allow for the rapid translation and scaling of research outcomes," Zhu said.

While an innovation hub is fundamentally defined by its laboratories and offices, this park adopts a holistic approach to talent retention by intentionally integrating essential aspects of daily life. To this end, it offers ready-to-move-in residential units tailored for researchers and entrepreneurs. More than mere accommodation, these spaces form a vital public environment equipped with all daily necessities, fostering a genuine community where ideas can develop and flourish in a supportive setting.

"On the basis of 'One Country, Two Systems,' and 'one zone, two parks', Hong Kong and Shenzhen have been striving for trial implementation of cross-boundary policy measures to facilitate the convenient flow of important innovation elements—including personnel, materials, data, and capital—between the two parks," said Sun Dong, Secretary for Innovation, Technology and Industry of Hong Kong Special Administrative Region.

China's Greater Bay Area attracts int'l enterprises, forging new tech hub

China's Greater Bay Area attracts int'l enterprises, forging new tech hub

Thousands of Iranians attended a funeral on Tuesday to mourn 165 students killed in Saturday's U.S.-Israeli strikes on a school in the city of Minab.

While Iran condemned Israel for the attacks, Israel said it was not aware of the strike on the school.

Joint military strikes launched by the U.S. and Israel on Iran on Saturday morning have triggered a sharp escalation across the Middle East in recent days, setting off waves of missile exchanges, mounting casualties, and far-reaching political and security repercussions.

Israel continued its strikes on Tehran, with Iran's state media putting the death toll from the past four days of joint U.S.-Israeli attacks at 787 as of Tuesday.

Iran has carried out more retaliatory strikes across the Middle East, including on targets in Israel, Bahrain, and Saudi Arabia.

Iran's Islamic Revolutionary Guard Corps said the Strait of Hormuz is now closed, and warned that any vessels attempting to pass through will be targeted.

U.S. President Donald Trump told the New York Times on Sunday that the conflict with Iran could continue for more than a month.

Thousands attend funeral in Iran for students killed in US-Israeli strikes

Thousands attend funeral in Iran for students killed in US-Israeli strikes

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