Chairman of Cyberport Simon Chan (second left) and Chairman of Lingang Group Yuan Guohua (third left) pose for a photo after signing a memorandum of understanding in Hong Kong, on March 21, 2023. (PHOTO PROVIDED TO CHINA DAILY)

Cyberport on Tuesday signed a memorandum of understanding with Shanghai Lingang Economic Development Group to establish a strategic partnership as “sister parks,” aiming to facilitate enterprises in the two communities to expand into overseas and mainland markets respectively.

Cyberport and Lingang Group will also nominate innovation and technology talents to intern at or set up operations in each other’s campus.

The collaboration will provide ample opportunities, space, and application scenarios for Cyberport and other technology parks in Hong Kong to grow and expand in Shanghai and even the Yangtze River Delta area.

Yuan Guohua, Chairman of Lingang Group

Simon Chan, chairman of Cyberport, said Cyberport is committed to creating a thriving I&T ecosystem and acting as a gateway linking the mainland and the world. 

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“By forming the comprehensive ‘sister parks’ strategic partnership with Lingang Group, we hope to provide access to a larger pool of resources and opportunities for young entrepreneurs and startups in the two cities to strengthen I&T industry information sharing and integration of resources of the two communities,” Chan added.

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“The comprehensive strategic partnership will provide facilities and services, and connect resources for enterprises in Lingang Group’s parks to enter Hong Kong and go global for international development. At the same time, the collaboration will provide ample opportunities, space, and application scenarios for Cyberport and other technology parks in Hong Kong to grow and expand in Shanghai and even the Yangtze River Delta area,” said Yuan Guohua, chairman of Lingang Group.

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Lingang Group has set up over 20 parks with more than 13,000 enterprises in the Chinese mainland. It also provides business incubation and fund investment services to bolster the development of I&T startups and young talents. 

grace@chinadailyhk.com