Northern Metropolis to Benefit from Eased Cross-Border Resource Flow
More areas within the Northern Metropolis could benefit from new measures to the ease the cross-border flow of data, materials and capital, with pilot initiatives set to launch this year in the innovation zone Hong Kong shares with Shenzhen. The details were revealed in a paper submitted to the Legislative Council by the Development Bureau, which provided an update on drafting dedicated legislation to accelerate development of the 30,000-hectare (74,131-acre) megaproject near
New initiatives aimed at facilitating the cross-border movement of data, materials, and capital are set to benefit expanded areas within the Northern Metropolis. Pilot programs are scheduled to launch this year within the innovation zone shared by Hong Kong and Shenzhen. These measures are detailed in a document submitted to the Legislative Council by the Development Bureau. The legislation aims to accelerate the development of the 30,000-hectare megaproject located near the border. The goal is to create a more integrated and efficient environment for cross-border collaboration and economic activity. This move is expected to boost innovation and development in the region. The initiatives focus on reducing barriers to resource flow.
The new measures to ease cross-border resource flow are designed to accelerate development and foster greater integration within the Northern Metropolis innovation zone.
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