On 23 May 2023, Fosun Hive and the Hong Kong University of Science and Technology (HKUST) signed a strategic collaboration agreement on the Clear Water Bay Project, enhancing the friendly cooperative relations between the two parties, and further strengthening the cooperation between Fosun Hive and HKUST in the fields of technology innovation and industrial upgrading to jointly promote the development of Hong Kong’s technology innovation industry.

Under the witnesses of Nancy Ip, HKUST President, Wang Jiping, Executive President of Fosun International and Chairman of Fosun Hive, Li Haifeng, Chairman of Fosun Foundation, Xu Xin, Rotating Chairman of Fosun Capital, as well as Zhang Zhicong, CEO of Forte Group; Iris Law, Assistant President of Fosun International and Executive Chief Representative of Fosun International in Hong Kong and Macau, Yuan Jianyu, President of Forte Hong Kong, Raymond Chan, Chairman of the Shaw Foundation, and Tim Cheng, HKUST Vice-President for Research and Development signed the strategic collaboration agreement at the Hong Kong University of Science and Technology Shaw Auditorium.

According to the strategic collaboration agreement, the two parties will carry out in-depth collaborations in scientific and technological research, talent training, industrial incubation, charitable activities and other aspects. The two parties will jointly build an industry-university-research cooperation platform, strengthen the training and selection of talents in technology innovation and the selection and support of innovative projects, and provide high-quality incubation services for innovative enterprises. HKUST will leverage its advantages in scientific research and education to explore the application of technology innovation in urban construction, environmental protection, and social governance with Fosun Hive, and carry out technology innovation investment cooperation with Fosun Capital, driving Hong Kong to become an international technology innovation center. In addition, the two parties will jointly foster the transformation and industrialization of scientific and technological achievements, and promote the application of scientific and technological innovation achievements in more fields.

The signing of this strategic collaboration agreement marks a new stage of the cooperation between Fosun Hive and HKUST. In the future, the two parties will take this strategic collaboration as an opportunity to continue to strengthen cooperation, jointly promote the prosperity and development of Hong Kong's technology innovation industry, and help realize the objectives of the Innovation and Technology Development Blueprint of the Hong Kong Special Administrative Region.

About Fosun Hive

Fosun Hive is an industrial functional platform for Fosun to build a global "hive city", and an advocate and practitioner of the advanced outlook on sustainable development of the industry. With “Hive City + Global Landscape” as the core strategy, Fosun Hive gathers global advantageous industrial resources through profound industry operations + industrial investment, takes industrial C2M customization as the concept, uses industrial clusters as a means, and implements the "hive model" to assist urban industrial upgrading and drive high-quality regional economic development. Since its establishment, Fosun Hive has been focusing on technology innovation and industrial upgrading, and is committed to providing all-round support for technology innovation enterprises with the concept of "innovation, collaboration, and win-win outcome". Fosun Hive actively explores the construction of an innovative ecosystem, provides high-quality incubation services for innovative enterprises, and helps enterprises achieve industrialization and large-scale development. In addition, Fosun Hive actively participates in exchanges and cooperation in the field of technology innovation at home and abroad, contributing to the development of the global technology innovation industry.

About the Hong Kong University of Science and Technology

The Hong Kong University of Science and Technology (HKUST) (https://www.hkust.edu.hk/) is a world-class research intensive university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. Over 80% of our research work were rated“Internationally excellent” or“world leading” in the Research Assessment Exercise 2020 of Hong Kong's University Grants Committee. We were ranked 3rd in Times Higher Education's Young University Rankings 2022, and our graduates were ranked 30th worldwide and among the best from universities from Asia in Global Employability University Ranking and Survey 2022. InvestHK cited QS World University Rankings by Subject 2021 to demonstrate the performance of five world's top 100 local universities in several innovation-centric areas, among which HKUST ranked top in four engineering and materials science subjects.