Hong Kong authorities will set key performance indicators (KPIs) for a planned government-owned company intended to drive the development of the San Tin Technopole and grant its subsidiaries greater flexibility to meet the needs of enterprises.
Kevin Choi Kit-ming, permanent secretary for innovation, technology and industry, said on Friday that a strategically reserved “white space” in one part of the technopole could support its future expansion and support the development of the city’s university town, as part of the Northern Metropolis megaproject.
Authorities are considering setting up a dedicated, wholly government-owned company with subsidiary firms to tap into market resources and capital to accelerate the project and optimise costs.
“To achieve the government-led principle, we will certainly consider setting KPIs for the company. We will also consider the investment model and its amount, but it is still at a preliminary stage,” Choi told a radio programme.
Financing options for the technopole would include leasing government-funded buildings and laboratories and adopting a public-private investment and partnership model, he said.
