Strategic partnership agreement to strengthen Shenzhen-HK IT co-operation

The following is issued on behalf of Hong Kong Cyberport Management Company Limited:

The signing of a strategic partnership agreement between Hong Kong Cyberport (Cyberport) and Shenzhen Hi-Tech Industrial Park (SHIP), witnessed by Chief Secretary for Administration, Mr Donald Tsang and Mayor of Shenzhen Mr Li Hongzhong, today (June 17), opens a new chapter in the collaboration on IT development between the two places.

Chief Executive Officer of Hong Kong Cyberport Management Company Limited Nicholas Yang said, "Taking full advantage of the opportunities brought about by CEPA (Mainland and Hong Kong Closer Economic Partnership Arrangement), Cyberport will co-operate with SHIP in a complementarily advantageous manner to further enhance the development of IT industries at both places."

"This will act as an umbrella agreement paving the way for Cyberport to enter into further specific agreements, including establishment of a direct link for enhanced communications between Hong Kong and Shenzhen."

Under the agreement, the Cyberport and SHIP will enter into various forms of co-operation, including in the areas of development of innovative IT applications, marketing, and human resources development.

Hong Kong Cyberport will leverage Hong Kong's core competence to spearhead the long-term development of IT industry, and will try to build additional collaborations or strategic partnerships with other major hi-tech industrial parks on the Mainland in the same complementarily advantageous manner.

About Cyberport

Cyberport - Hong Kong's IT Flagship - is a HK$15.8 billion landmark project managed by Hong Kong Cyberport Management Company Limited and wholly owned by the Government of the Hong Kong Special Administrative Region (HKSAR). The project is being developed on a 24-hectare site at Telegraph Bay in the southern district of Hong Kong Island. It comprises four office buildings, a five-star hotel, a retail entertainment complex and a deluxe residential development, aiming at creating an interactive environment that will be home to a strategic cluster of more than 100 IT companies and more than 10,000 IT professionals. The project is being completed in phases from mid-2002 to 2007.

Thursday, June 17, 2004

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