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In recognition of “one zone, two parks” at “one river, two banks” as in industry planning and establishment varies (see Figure 6). Even
the Loop’s mode of collaborative development, the governments though the operator for the Hong Kong park, i.e., Hong Kong-
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of Hong Kong and Shenzhen reached a consensus on the overall Shenzhen Innovation and Technology Park Limited (HSITPL), has
planning and operation, as well as the cross-border infrastructure commissioned two consultancy studies and identified six major
of the Loop. Nonetheless, the progress the two areas have made development areas, these developments have been halted due to

Figure 6 Progress of the development of Hetao Shenzhen/Hong Kong Innovation and Technology
Co-operation Zone

Shenzhen park Hong Kong park
(Huanggang Checkpoint area 3.02 sq. km 0.87 sq. km (Hong Kong-Shenzhen
and Futian Free Trade Zone) Area Innovation and Technology Park)

Healthcare and Biomedicine, Medical technology, big data and AI,
AI, nancial technology, new materials, etc. robotics, new materials, microelectronics
Major
“Shenzhen Municipal People’s Government’s Comments on development areas and nancial technology
supporting Shenzhen Innovation and Technology Zone of Shenzhen- Nil
Hong Kong Innovation and Technology Co-operation Zone to
establish the International Open Innovation Hub” (August 2020)
Blueprint issued
by government

Sources: Hong Kong Legislative Council, Shenzhen Municipal Government, and media reports

17 Hong Kong-Shenzhen Innovation and Technology Park Limited is a subsidiary wholly owned by Hong Kong Science and Technology Parks Corporation. Of the ten directors in the Board of
Directors, four are nominated by the Hong Kong side (including the Chairperson), three by the Shenzhen side, with the other three jointly nominated by both sides.
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