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                 Hong Kong, Shenzhen  and the GBA (see Recommendations
       Visions for the HK-SZ Collaborative Ecosystem in Biotech
                 2.4). Detailed procedures are illustrated in Figure 11.    Figure 11    Co-operation procedures for HK-SZ
                                                                                       biomedical development
                 Upon completion of Phase III trials, enterprises can register
                 their new drugs with drug regulators of various countries and     1
                 regions using the Loop’s one-stop service platform (see         Hong Kong’s
                 Recommendation 3 for details). For the mainland Chinese         edge in Phase I
                 market, enterprises can enjoy expedited drug approval by        clinical trials
                 submitting an NDA to the NMPA’s GBA sub-centres in the
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                 Shenzhen park  (see Recommendation 6.3 for details); upon                                2
                 approval of the new drug, they can proceed with commercial
                 production in Shenzhen, followed by registration in the Mainland.                       Mature enterprises may apply for
                 For the Hong Kong market, unlike now, NMPA-approved                                     listing; other companies may opt
                 pharmaceutical products will be recognised by Hong Kong’s DH                            for incubation in the Science Park
                 so enterprises will be able to proceed with the production and sale
                 of advanced products in Hong Kong after obtaining NMPA
                 approval (see Recommendation 2.5 for details). The all-stage,                           Cross-border Phase II and
                                                                                                         Phase III trials to be coordinated
                 multifactored mode of collaboration will help maximize the two                          by one-stop platform in the Loop
                 cities’ competitive edges, improve the drug and vaccine
                 production chain, and establish a world-class biotech industrial                         3
                 cluster.
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                                                                                 Expedited approval from
                                                                                 NMPA’s GBA sub-centres
                                                                                 in the Shenzhen park
                 32   For instance, the HKU Clinical Trials Centre has set up a limited company in mainland
                   China in preparation for establishing a presence in Futian, Shenzhen, with a view to
                   introducing Hong Kong’s world-class clinical trial management experience into the
                   Mainland and offering its service to enterprises and research institutes.                       5
                 33   According to the NMPA’s website, certain specialties in 19 Shenzhen hospitals have
                   received GCP-accreditation from the NMPA.                                                 Registration of new drugs
                 34   On 23 December 2020, the NMPA’s GBA sub-centres were established, in charge of the     to enter Hong Kong and
                   approval and inspection of drugs and medical device technology in the Hetao Shenzhen-     Shenzhen markets
                   Hong Kong Science and Technology Innovation Cooperation Zone.
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