Cyberport has signed a Memorandum of Understanding (MoU) with The Chinese University of Hong Kong (CUHK) to establish a collaboration framework in nurturing and supporting youths, start-ups and entrepreneurs in Hong Kong and the Greater Bay Area (GBA).

The signing took place at the Forum on Guangdong-Hong Kong-Macao Greater Bay Area Developments and Output Showcase of The Chinese University of Hong Kong. According to the MoU, Cyberport and CUHK will work closely to support entrepreneurship and students training of Hong Kong and the GBA in areas of shared facilities, talent development programmes, market entry points and business collaboration, exchanges, and activities.

Peter Yan, CEO of Cyberport, said, “Given the huge market for Hong Kong's I&T industry provided under the development of GBA, the MoU with CUHK will provide a new entry point into the GBA FinTech market for Cyberport start-ups, and help Cyberport’s entrepreneurship programmes attract more talent.”

Prof Chan Wai-yee, Pro-Vice-Chancellor/Vice President of CUHK, said, “To make the best use of the opportunities brought about by the ‘Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone’, CUHK Shenzhen Research Institute will establish a new Fintech Centre at Qianhai, providing comprehensive services to startup companies in the field of finance, logistics, information, technology and other modern service industries. Under the MoU, CUHK and Cyberport will extend their collaboration at all levels, including supporting local entrepreneur activity, promoting Hong Kong's FinTech development and bringing out future fintech leaders.”

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