GBA Express

29 Hong Kong — Shenzhen Innovation and Technology Co-operation Zone • The HKSAR Government and the Shenzhen Municipal People’s Government signed the “Memorandum of Understanding on Jointly Developing the Lok Ma Chau Loop by Hong Kong and Shenzhen” in 2017 for developing the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) at the 87-hectare Lok Ma Chau Loop site. • HSITP together with the “Shenzhen Innovation and Technology Zone” on the north side of Shenzhen River adjacent to the Loop will form the state-endorsed Shenzhen-Hong Kong Innovation and Technology Co-operation Zone. • The free flow of talent, capital, goods and information will be facilitated in the zone. • draw up a list of special measures to relax restrictions on sectors including energy, telecommunications, public service, transport and education • relax limits on foreign investment in cutting-edge technologies, and improve the system of fair competition • pilot the legal protection of new intellectual property rights (IPR), establish a compensation system for IPR infringements, and explore legislation in emerging areas • help foreign talent obtain Chinese permanent residence permits and attend professional qualification examinations