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

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

A major port in northern Venezuela came under U.S. airstrikes in the early hours of January 3, which caused extensive damage to civilian infrastructure, destroyed critical medical supplies in a warehouse, and severely impacted centuries-old cultural heritage sites, according to local residents.

The La Guaira Port, a vital hub for imports that support daily life in the region, was heavily damaged during the attack.

Large quantities of medical supplies stored at the port were destroyed. A historic cultural building dating back for some 300 years was also badly damaged by the bombardment.

Residents living near the port recalled the terrifying scenes as explosions shook nearby neighborhoods.

Humberto Bolivar, who lives in a community separated from the port by only a main road, said the blast waves shattered his home's windows, while stray shrapnel struck the water tank on his roof. According to reports, three missiles were fired at the port that night.

Bolivar said that beyond material losses, he is most concerned about the psychological impact on his children, who remain too frightened to leave their home days after the attack.

"The United States invaded our country. The children were frightened. This is not good for them, because it leaves some children with psychological trauma. They do not want to go to school or leave the house, because they are afraid that something worse might happen. We truly do not want this to happen to our country," he said.

Apart from civilian facilities, local cultural heritage site was also affected.

The La Guaira state government building, a structure with nearly 300 years of history and once served as the site of Venezuela's first national customs office, was struck by the force of the explosions.

Windows of the building were shattered, and furniture scattered across the floor.

"As people of La Guaira, we feel deep pain. Our cultural heritage has been bombed. We are living in constant anxiety and suffering, and life can no longer be the same as it was before," said a local named Henry Cumares.

The U.S. side has claimed the airstrikes targeted warehouses allegedly used to store narcotics. However, locals refuted such accusation.

"According to what Donald Trump said, they bombed this place using the excuse that the warehouses here were used to store drugs at the port. But based on the video released by our governor, these warehouses that were burned contained medicine for kidney patients and foods. Many people depend on these supplies to survive. I think the bombing is extremely despicable," said a local resident named Alejandro Capriles.

US strike hits Venezuelan port, wrecking medical supplies, heritage building