Policy Address 70. Hong Kong enjoys the advantages of both “one country” and “two systems” in developing the innovation and technology industry. In addition to attracting top research and development institutions from around the world, we can more proactively seek co-operation opportunities with the Mainland at both national and local levels. 71. In collaboration with the Ministry of Science and Technology, 16 Partner State Key Laboratories have been established at the University of Hong Kong, the Chinese University of Hong Kong, the Hong Kong University of Science and Technology, the City University of Hong Kong, the Hong Kong Polytechnic University and the Hong Kong Baptist University. This year, the five new Hong Kong branches of the Chinese National Engineering Research Centres (CNERCs), together with 16 Partner State Key Laboratories and one Hong Kong branch of a CNERC already established, will conduct research and development activities in a diverse range of disciplines. The Government will set aside over $100 million a year to support these projects.
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