People’s Daily Overseas Edition: new projects help facilitate digital economy in Guangzhou, Hong Kong

Construction of the Guangzhou-Hong Kong special cooperation zone of intelligent manufacturing in Guangzhou Development District(GDD), Guangdong province, started on May 28 with a number of projects launching on the same day.

The projects include Guangzhou Cosma Thermoforming, the Cedar Financial Center and a Siemens smart transformer plant.

The Siemens' smart transformer project will build a digital and intelligent factory of dry-type transformers that will have an estimated output of 1.2 billion yuan ($173.5 million), with an investment of 358 million yuan.

The project of the Guangdong large animal models research center will build a platform for stem cell pre-clinical testing with an investment of 385 million yuan. Cedar Holdings, a local private enterprise and a Fortune Global 500 company, will create a garden-style urban complex that integrates business, tourism and shopping, with an investment of 3 billion yuan.

The west part of the GDD has been bringing in HK-funded enterprises, such as the A.S. Watson Group, Pacific Century Cyber Works Limited, Lee Kum Kee sauces, Comba Telecom System Holding, and Towngas China, since the late 1980s and early 1990s. It has played a key role in leading local industrialization.

The Sunwah Group Guangzhou-Hong Kong project that recently started construction has received wide attention.

The project is jointly invested by the Sunwah Group, the GDD and Guangzhou High-tech Industrial Development Zone (GHIDZ) for construction and operation.

A Guangzhou-Hong Kong-Macao exit & entry building, a yacht dock and a Guangzhou-HK special zone of intelligent manufacturing will be built there. Shipping lines will open between the west part of Guangzhou Development District, Hong Kong International Airport and Macao International Airport, creating a 1.5-hour economic circle between the three places.

"Guangzhou and HongKong have a long history of cooperation," said Jonathan Koon-shum Choi, chairman of the board of Sunwah Group, adding that Hong Kong is a world-class international financial, shipping, business and information center and boasts higher education and research institutes and an advanced medical system.

Hong Kong is working with Guangzhou and Shenzhen to build a science and technology innovation hub, he noted.

The Guangzhou-Hong Kong innovation and entrepreneurship center, located in the west part of Guangzhou Development District, was one of the first old factory renovation projects, and is scheduled to be a commercial office complex consisting of an enterprise incubator and industry accelerator as well as supporting facilities.

It will focus on the upgrading of outdated factories and providing high-quality incubating service for innovative enterprises.

The youth venture technology park of Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is a project committed to creating an innovative eco-office community with a theme of creation, interaction and ecologyand a goal of attracting young people to start businesses there.

Other projects include the Yuzhu bay maritime Silk Road innovation center, a Silk Road trade innovation center, and a technology innovation corridor of the GBA.

The GDD also carries out cooperation with the Chinese University of Hong Kong and the University of Macao in research and development and technology achievement transformation.

The Greater Bay Area academy of collaborative innovation, and the GBA innovation center under the Research Institute of Tsinghua, Pearl River Delta, have been set up and a GBA youth innovation and entrepreneurship base is also included in the plan.

The GDD and the GHIDZ enable Guangzhou's smart manufacturing to dock with Hong Kong's "re-industrialization" and promote the two sides' smart manufacturing through cooperation.

At present, GDD is home to industrial clusters such as the new generation of information technology, biomedicine, and artificial intelligence.

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