Page 81 - OHKF_Biotech_EN

Table 10 Coordination by designated body under the Leading Group

Area Specific proposals

Coordinate the systems devised by both governments to attract talent and devise a tailor-made proposal to attract
Talent international top biotech talent and research teams. Also to allocate research funding based on research direction,
attraction arrange for environment and devices, accommodation, education for children, social security, concessionary tax rates
and/or tax refund policy, etc.
Coordinate to optimise the two regions’ work and residence permits for overseas tech talent by targeting those who
Talent flow frequently travel between both cities and providing them with special visa after verification. Also to streamline the
arrangements for talent crossing the border between Hong Kong and Shenzhen parks.
80
Appropriately relax the administrative regulations on public institutions and tertiary institute management for HK-SZ
Management
of Organisation partner research institutes. Also to explore the implementation of management approaches that can bridge the training
system with that of the Hong Kong tertiary education sector.
Explore the feasibility of allowing definite amount of tech funds to be freely convertible and opening up the the capital
Capital Flow
account for investment institutions.
Seek delegation of authorities from the Bureau of Cyber Security of Cyberspace Administration of China, where upon
Opening up of approval from the Shenzhen Municipality, HK-SZ partner research institutes and R&D centres of biomedical enterprises
Network
at the Loop can access the international cyberspace.

Plan on implementing pilot reforms in Shenzhen to build the city
Recommendation 5.2 Seeking comprehensive into a demonstration area of socialism with Chinese characteristics
authorisation from the Central Government to
implement pilot policies in biotech reform (2020-2025) and issued the first batch of authorisations as
attachment, offering Shenzhen Municipality with greater autonomy
In order to develop the Loop into a HK-SZ biotech collaboration to instigate reform. Provided there is prior notification to the
pilot and demonstration area, more autonomy should be conferred Central Government, the Shenzhen Municipal Government can
to the Loop to instigate reforms and biotech development in a review items on the list by itself. Unlike the previous authorisation
flexible manner. In 2020, the Central Government announced the practice of “discussion on an issue basis, review by every level,

80 Including public service providers with government functions and non-public service departments etc., specialising in education, technology, culture and health activities, such as schools,
hospitals and scientific research institutes, etc.
79