The Hong Kong-Shenzhen Innovation and Technology Park is a proposed new hi-tech development at the border between
Hong Kong and
Shenzhen,
China. It is located in Hong Kong's
New Territories near the area of
Lok Ma Chau, adjacent to the
Sham Chun River. The development of the technology park was announced on 3 January 2017 during a joint ceremony by the governments of Hong Kong and Shenzhen. When completed, it will be the largest technology park in Hong Kong with a land area of 87 hectares and is expected to boost the city's global position in technology and provide an incubator for technology start-ups.
Details of the development Once developed, the technology park is expected to provide 1.2 million square metres of additional office spaces to be used by Hong Kong and Shenzhen companies.
Criticism Environmental The proposed park is located in a current green land area, a buffer zone between the urban agglomerations of Shenzhen and Hong Kong. Environmental groups claim the park is located in an important flightpath for
migratory birds. The wetlands form an ecosystem that continues west along Sham Chun River and the development may thus affect
Deep Bay. The
Hong Kong wetland park and the
Mai Po Marshes are also along this route. The groups estimate the loss of 4,000 trees, 11 hectares of
reed marsh and 9 hectares of ponds. In addition, it is thought that the current marsh land site contains significant amounts of contaminated mud which may pose an environmental risk and a challenge to decontaminate.
Rationale Hong Kong has two existing high-profile business and technology parks,
Cyberport on
Hong Kong Island and
Science Park, also in the New Territories. Both were conceived in the wake of the
1997 Asia financial crisis in order to boost technology investments, but their uptake has been slow and is only just starting to come to fruition. Cyberport especially has been marred with image problems, starting from its delayed development to its lack of commercial success. Lok Ma Chau loop has been claimed to be at risk of falling into some of the same traps as Cyberport. On the other hand, some local business groups welcome the technology park, but are mindful of lessons that can be gleaned from previous technology park developments. Questions have been raised whether the true ambition of the government is to support the technology industry, or to obtain land for profitable real estate development. == Alternative use ==