Core Viewpoint - The Hong Kong SAR Government has established the Hong Shui Qiao Industrial Park Limited to develop and operate a 23-hectare industrial park in the Northern Metropolis area, expected to commence operations by mid-next year [1] Group 1: Company Formation and Objectives - The industrial park company is wholly owned by the Hong Kong SAR Government, allowing for direct involvement in industrial development and operations [1] - The initiative aims to leverage market forces and public-private partnerships to accelerate industrial development in the Northern Metropolis [1] Group 2: Development Plans - The company will develop the land in phases using various models, including self-development for building and leasing industrial facilities [1] - The company may also tender for the sale of certain land within the industrial park for enterprises to construct their own facilities, and can engage in joint ventures with companies for specific projects [1] Group 3: Governance and Timeline - The board members and CEO of the industrial park company must be appointed with the approval of the Chief Executive of the SAR [1] - The development bureau plans to complete the preparatory work for the industrial park company in the first half of next year [1]

Group 1 - Hong Kong is positioned as a key international financial center, facilitating both Chinese enterprises' global expansion and Middle Eastern companies' entry into the Chinese market [1] - Approximately 300 mainland companies are preparing to list in Hong Kong, with many planning to expand into the Middle Eastern market [1] - Hong Kong leads in offshore RMB, asset and wealth management, and family office sectors, managing over $4.5 trillion in assets [1] Group 2 - The Hong Kong government is accelerating the development of the Northern Metropolis as a driver for economic diversification and innovation in technology industries [2] - Flexible approaches are being adopted to attract technology enterprises, including land allocation and talent importation [2] - The establishment of the Hong Kong Investment Management Company aims to attract businesses and cultivate industry ecosystems through patient capital and co-investment strategies [2]