HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Beijing and Tokyo can learn from China's 'Hong Kong of the north'

Created at 10 Jul · 1:30 AM1 source↑ Market-relevant
IN SHORT

The cities of Beijing and Hong Kong are deepening cooperation in science and technology, particularly in AI, leveraging their distinct advantages. Hong Kong's mature capital market and international environment complement Beijing's research resources, fostering innovation and entrepreneurship.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

2024year of Zhongguancun Forum 'Beijing-Hong Kong Science and Technology Innovation
2021year of 'Beijing-Hong Kong Science and Technology Co-innovation Platform' launch

Who's Involved

Shigesaburo Okumura
Author discussing economic growth paths
Chan Ka-yin
Hong Kong Trade Development Council Chief Representative for North and Northeast China
Zeng Dajun
Deputy Director of the Institute of Automation at the Chinese Academy of Sciences
Drew Zacharias
Georgetown University student and author of a response piece
Beijing and Tokyo can learn from China's 'Hong Kong of the north'

↳ Why This Matters

The collaboration between Beijing and Hong Kong in technology and AI development highlights a strategic approach to economic growth, leveraging distinct strengths to foster innovation and attract global capital. This partnership could serve as a model for other cities seeking to advance in emerging technological fields.

Key facts

  • Beijing and Hong Kong are enhancing cooperation in science and technology innovation.
  • Both cities are implementing policies to promote the development and application of artificial intelligence.
  • Hong Kong's mature capital market and international business environment are highlighted as key advantages.
  • Beijing offers strong scientific research resources and a concentration of higher education institutions.
  • A joint platform exists to facilitate technological cooperation and matchmaking between enterprises in both cities.

The cities of Beijing and Hong Kong are deepening their collaboration in science and technology, particularly in the rapidly developing fields of artificial intelligence and large models. This cooperation aims to leverage the distinct advantages of each city to foster innovation and economic growth.

Beijing and Hong Kong have seen initial successes in joint projects in life sciences, AI, and robotics over the past two years. To further this collaboration, the 'Beijing-Hong Kong Science and Technology Co-innovation Platform' was jointly launched by the Hong Kong Trade Development Council and the Beijing Municipal Science and Technology Commission at the end of 2021. This platform is designed to meet the needs of technology enterprises in both cities and facilitate partnerships.

Chan Ka-yin, Chief Representative of the Hong Kong Trade Development Council for North and Northeast China, emphasized Hong Kong's role as a critical window for developing new quality productivity, citing its mature capital market, international business environment, robust legal system, and world-class universities. These attributes attract global capital and professionals, supporting enterprises entering the international market. Beijing, conversely, possesses rich scientific research resources and a high concentration of educational and research institutions, presenting significant potential for cooperation in talent exchange, creator financing, and the transformation of scientific achievements.

Zeng Dajun, Deputy Director of the Institute of Automation at the Chinese Academy of Sciences, described artificial intelligence as a 'universal oil' capable of creating value across industries. Both Beijing and Hong Kong recognize the strategic importance of AI, with Beijing issuing specific policies such as the 'Implementation Plan for Accelerating the Construction of a Globally Influential Artificial Intelligence Innovation Hub (2023-2025)' and 'Measures for Promoting the Innovation and Development of General Artificial Intelligence.' These policies aim to drive AI technology innovation and industrial development, with numerous funds already established in the field of technological cooperation between the two cities.

Student dialogues and entrepreneurship competitions, such as the 'Beijing-Hong Kong Youth Innovation Cup,' further underscore the commitment to talent development and fostering new businesses. While Beijing's development is characterized by centralized governance and state-led initiatives, Hong Kong offers a faster pace, a more international atmosphere, and a freer, globally connected society shaped by its colonial legacy and capitalist foundations. These contrasting yet complementary strengths provide a foundation for joint industrial upgrading and the acceleration of scientific research transformation.

Frequently asked questions

Dalian, in Liaoning province, once aspired to become the 'Hong Kong of the north,' suggesting a goal of becoming a major economic and financial hub similar to Hong Kong.

The primary areas of cooperation are life sciences, artificial intelligence, and robotics, with a focus on innovation and talent development.

Hong Kong offers a mature capital market, an international business environment, a robust legal system, and world-class universities, attracting global capital and professionals.

Beijing possesses rich scientific research resources and a high concentration of higher education institutions and research institutes.

What Happens Next

01Further development of cooperation through established funds in technological fields.
02Joint promotion of industrial upgrading and transformation.
03Acceleration of scientific research transformation and development of new quality productivity.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

The Summer Davos forum was held in Dalian, a city that once aimed to be the 'Hong Kong of the north'.
Beijing and Hong Kong are cooperating in fields like life sciences, AI, and robotics.
Both cities have introduced policies to foster AI development.
The 'Beijing-Hong Kong Science and Technology Co-innovation Platform' was launched to facilitate enterprise cooperation.
Hong Kong's capital market and international business environment are seen as assets for national development.
Beijing's rich scientific research resources are viewed as complementary to Hong Kong's strengths.

Sources

T1
Beijing and Tokyo can learn from China's 'Hong Kong of the north'Nikkei Asia
T2
A Tale of Two Cities of Innovation: Beijing and Hong Kongen.ncsti.gov.cn
T2
China leads the net zero transition - here's what we can learn from its ...theconversation.com
T2
A Tale of Two Cities: Lessons from Beijing and Hong Konguschinadialogue.georgetown.edu

Related Stories

Northern Metropolis science and education focus key to Hong Kong’s future
10 Jul · 1:35 AM
Hong Kong courts Middle East investment as China grapples with AI persona restrictions
9 Jul · 8:26 AM
China Unveils 20 Measures to Revive Physical Retail Against E-commerce
9 Jul · 12:35 PM
Hong Kong Exchange Attracts More Overseas Listings
10 Jul · 2:35 AM
Hong Kong's RMB Business Facility to bolster financial hub status
10 Jul · 12:05 AM