Industrial and Commercial Bank of China (Asia) Limited (“ICBC (Asia)”) and Hong Kong Cyberport Management Company Limited (“Cyberport”) today signed a Memorandum of Understanding to establish a strategic partnership to jointly promote the development of innovation and technology in the Greater Bay Area, cultivate innovative and technological talents, accelerate the digital transformation of small and medium-sized enterprises, and jointly enhance Hong Kong’s competitiveness in the field of innovation and technology, attract more international talents and capital, and contribute to leading the high-quality development of Hong Kong and the national economy.
Article author: Cyberport
The MOU was witnessed by Dr. Liu Yagan, Chairman and Executive Director of ICBC (Asia) and Mr. Chan Sai Ming, Chairman of Cyberport, and signed by Mr. Wu Long, Vice Chairman, Executive Director and Chief Executive Officer of ICBC (Asia) and Dr. Cheng Songyan, Chief Executive Officer of Cyberport.
Dr. Liu Yagan, Chairman and Executive Director of ICBC (Asia), said: "In recent years, technological innovation has become an important driving force for global production. We are honored to sign a memorandum of cooperation with Cyberport. Through resource sharing and complementary advantages, we will work together to help SMEs accelerate digital transformation, cultivate local innovation and technology talents, deepen cooperation in the field of innovation and technology in the Greater Bay Area, inject new vitality into the innovation and entrepreneurship ecosystem in the region, and jointly promote the vigorous development of the digital economy. As the flagship of ICBC's overseas business, the Bank has been actively responding to the call of the country and the Hong Kong SAR government to support Hong Kong in building an international innovation and technology center, empowering with technology, developing new quality productivity, and achieving high-quality economic development."
Chen Ximing, Chairman of Cyberport, said: "We are pleased to join hands with Industrial and Commercial Bank of China (Asia) to jointly promote the development of innovation, technology and digital economy in Hong Kong. This cooperation will further provide SMEs and innovation and technology talents with richer resources and broad scope opportunities. Through close cooperation, both parties are committed to promoting industrial upgrading, cultivating more innovation and technology talents and accelerating the digital transformation of small and medium-sized enterprises. I firmly believe that with Cyberport’s experience in nurturing start-ups and ICBC (Asia)’s vast resources and network, we will Inject strong momentum into Hong Kong’s innovation and technology ecosystem. We will work together to promote the digital transformation and sustainable development of Hong Kong’s economy and consolidate Hong Kong’s status as an international innovation and technology and financial center.”
Through this cooperation, ICBC (Asia) will become an important member of the "Cyberport Enterprise Network", actively promoting various departments to adopt the innovative solutions of Cyberport start-ups to improve operational efficiency, and recommend outstanding enterprises to settle in Cyberport. Cyberport will actively assist these enterprises to settle in the park, and at the same time, conduct business matching with Cyberport start-ups according to the business development needs of ICBC (Asia) and enterprises to promote the healthy development of the industry ecosystem and industrial chain. In terms of promoting the digital transformation of SMEs, ICBC (Asia) will cooperate with Cyberport start-ups to provide diversified digital business solutions for SMEs in the Greater Bay Area to create a win-win situation. ICBC (Asia) and Cyberport will also hold industry events and seminars to leverage their synergistic advantages to promote the development and digital transformation of the innovation and technology industry in Hong Kong and the Greater Bay Area. At the same time, ICBC (Asia) will participate in Cyberport's internship program and talent training program to deepen the sharing of technical knowledge and jointly cultivate innovation and technology talents.
Witnessed by Dr. Liu Yagan, Chairman and Executive Director of ICBC (Asia) (first right) and Mr. Chan Sai Ming, Chairman of Cyberport (first left), Mr. Wu Long, Vice Chairman, Executive Director and Chief Executive Officer of ICBC (Asia) (second right) and Dr. Cheng Songyan, Chief Executive Officer of Cyberport (second left), signed a memorandum of understanding on behalf of the two companies.
Dr. Liu Yagan, Chairman and Executive Director of ICBC (Asia), said: “We are honored to sign the Memorandum of Understanding with Cyberport. By joining forces, we will share resources and complement each other’s strengths to help SMEs accelerate digital transformation, cultivate local innovation and technology talents, deepen cooperation in the field of innovation and technology in the Greater Bay Area, inject new vitality into the innovation and entrepreneurship ecosystem in the region, and jointly promote the vigorous development of the digital economy.”
Chen Ximing, Chairman of Cyberport, said: "We are pleased to join hands with Industrial and Commercial Bank of China (Asia). Leveraging Cyberport's experience in nurturing start-ups and ICBC (Asia)'s vast resources and network, we will inject strong momentum into Hong Kong's innovation and technology ecosystem. . We will work together to promote the digital transformation and sustainable development of Hong Kong’s economy and consolidate Hong Kong’s status as an international innovation, technology and financial center.”
Dr. Liu Yagan, Chairman and Executive Director of ICBC (Asia), Wu Long, Vice Chairman, Executive Director and Chief Executive Officer of ICBC (Asia), Chan Sai Ming, Chairman of Cyberport, Dr. Cheng Songyan, Chief Executive Officer of Cyberport and representatives from both parties attended the signing ceremony of the MOU.
About Industrial and Commercial Bank of China (Asia) Limited
Industrial and Commercial Bank of China (Asia) Limited ("ICBC (Asia)") is a licensed bank incorporated in Hong Kong. It is the overseas flagship of Industrial and Commercial Bank of China Limited ("ICBC"), the largest commercial bank in China, and one of the local systemically important banks in Hong Kong. Currently, ICBC (Asia) has 48 branches in Hong Kong (25 of which have "Elite Bank Account" centers). The business scope includes comprehensive financial services such as personal banking, commercial banking, cross-border finance, private banking, investment banking and securities, insurance and funds, with a focus on retail banking, corporate banking and financial markets. ICBC (Asia)'s wholly-owned subsidiaries, China Merchants Bank and ICBC Asset Management (Global) Limited, focus on RMB business in mainland China and ICBC Group's global asset management business respectively.
About Cyberport
As Hong Kong's digital technology flagship and entrepreneurship incubation base, Cyberport brings together more than 2,100 community enterprises, including more than 900 start-ups and technology companies based in the park and more than 1,200 non-park-based start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, which is wholly owned by the Hong Kong Special Administrative Region Government. Cyberport's vision is to inject new impetus into the development of the digital economy and smart city with innovative technology, and to lead enterprises to connect with domestic and overseas markets. Cyberport is committed to creating a thriving innovation and technology ecosystem by nurturing innovative technology talents, encouraging young people to start businesses, and supporting start-ups; promoting the development of the technology industry through cooperation with local, mainland and international strategic partners; and accelerating the adoption of digital technology by public and private organizations to implement digital transformation and promote the integration of the new economy and the traditional economy.
