Cyberport signed a Memorandum of Understanding (MoU) with the Beijing International Big Data Exchange to explore the joint development of high-value data facilities

HONG KONG, 30 November 2023 - At the 26th Beijing-Hong Kong Economic Co-operation Fair (BJF) The Beijing-Hong Kong Digital Economy Industry Development Session was held today, at which Cyberport signed a Memorandum of Understanding (MoU) with the Beijing International Big Data Exchange (BDS) to jointly explore and jointly build infrastructure for high-value data, accelerate data circulation, enhance support for cutting-edge technology development and innovation, and promote the development of the digital economy industry and the construction of smart cities. The MoU was co-signed by Mr Jen King-shun, Chief Executive Officer of Cyberport, Mr. Zhai Yanjie, Chief Compliance Officer of Beijing Financial Holding Group and Director of Beijing International Big Data Exchange, witnessed by Mr Simon Chan, Chairman of Cyberport, and Fan Wenzhong, Secretary of the Party Committee and Chairman of Beijing Financial Holding Group and Chairman of Beijing International Big Data Exchange, and witnessed by Mr Mao Dongjun, Deputy Director General and First Class Inspector of Beijing Municipal Bureau of Economy and Information Technology (BIIT), and Mr Wong Chi-kwong, Chief Information Officer of the HKSAR Government.

Relying on the advantages of the technology and service capabilities of the enterprises settled in Cyberport, and the advantages of a wide range of data application scenarios in the field of data circulation and transaction infrastructure of BDS, the two parties will explore and jointly build infrastructure for the production, circulation and operation of high-value data elements, and explore and solve key issues such as supply and demand docking, data circulation and trading, security and compliance, reasonable distribution of revenue, and innovative financing of data assets for enterprises, especially small and medium-sized technology enterprises. At the same time, the two sides will promote the docking and cooperation between data research institutions, universities and enterprises in Beijing and Hong Kong, and promote talent exchanges between the two places.

Cyberport Chairman Simon Chan said, "The country is pushing forward the development of the digital economy at full speed, Beijing is a leading region in the development of the digital economy, and Hong Kong is also playing the role of the country’s international gateway, and the deepening cooperation between the two places will inject new impetus into the country’s high-quality development. As an important driver of Hong Kong’s digital economy, Cyberport has established a cooperative relationship with Beijing Digital Institute to integrate the superior resources of both parties, promote the circulation of high-value data, provide stronger basic support for scientific and technological innovation, accelerate the R&D and popularization of emerging technologies, and help Hong Kong become an international data port and jointly cooperate with the country to develop an internationally competitive digital industry. 」

Fan Wenzhong, Chairman of Beijing International Big Data Exchange, said: "This year’s Beijing-Hong Kong Fair focuses on the areas in which Beijing and Hong Kong have strengths, focusing on giving full play to Hong Kong’s role as a “bridgehead” in the country’s two-way opening-up, and further expanding and deepening exchanges and co-operation between Beijing and Hong Kong in areas such as technological innovation and digital economy. Focusing on the imminent interconnection in the field of digital economy, it is particularly important to encourage more micro, small and medium-sized enterprises to make use of the cooperation platform between the Beijing International Big Data Exchange and Cyberport, and promote the exploration and construction of Beijing-Hong Kong data element market connectivity. 」

Established in March 2021 by Beijing Financial Holding Group Co., Ltd., the Beijing International Big Data Exchange is a key project in the field of digital economy in Beijing, which is an important part of Beijing’s efforts to build a “Global Digital Economy Benchmark City”. Beijing Digital Institute has built five new data circulation service systems, including new technologies, new models, new rules, new risk control, and new ecology, to promote the standardized integration, rational allocation, market-oriented transactions, and long-term development of data resource elements, and to build itself into a leading data circulation infrastructure in China and an important international cross-border data flow hub.

Witnessed by Mao Dongjun, Deputy Director of the Beijing Municipal Bureau of Economy and Information Technology and First-Class Inspector, and Chan Ka Yin, Chief Representative of the HKTDC North China and Northeast China, the Chief Executive Officer of Cyberport, Mr. Ren Jingxin, and the Partner of Dark Horse and General Manager of Digital Intelligence Cloud, Ms. Shasha Fung, unveiled the newly established Dark Horse (Hong Kong) Co., Ltd. Entrepreneurship Dark Horse is the first technology start-up service company in mainland China to be listed on the Growth Enterprise Market (GEM), providing diversified services for small and medium-sized enterprises in the field of digital economy. Since 2022, with the support of the Beijing Municipal Bureau of Economy and Information Technology and Chaoyang District, the entrepreneurial dark horse has created the first digital human industrial park in the mainland, which has served more than 110 upstream and downstream enterprises of digital humans, and has been awarded the title of “Beijing Digital Human Base” by the Beijing Municipal Bureau of Economy and Information Technology, and actively carried out Internet 3.0 industry services in Chaoyang District, Beijing. Venture Dark Horse (Hong Kong) Co., Ltd. will set up a one-stop service organization in Beijing and Hong Kong to provide a full range of services and support for digital economy enterprises in the two places, actively promote business internationalization, and promote exchanges and cooperation between domestic and foreign enterprises in the field of digital economy.

Cyberport today signed a Memorandum of Understanding (MoU) with the Beijing International Big Data Exchange (BSE) at the 26th Beijing-Hong Kong Fair for the Development of Digital Economy Industry to jointly explore the joint construction of infrastructure for the realization of high-value data, accelerate data flow, enhance support for the development and innovation of cutting-edge technologies, and promote the development of the digital economy industry and the construction of smart cities.

Beijing Venture Dark Horse Group will set up a one-stop service organization in Beijing and Hong Kong to provide all-round services and support for digital economy enterprises in the two places, actively promote business internationalization, and promote exchanges and cooperation between domestic and foreign enterprises in the field of digital economy.

For media enquiries, please contact.

Cyberport

Name : Feng Qianwen

Telephone: (852) 3166 3841

E-mail: cindyfung@cyberport.hk

World Union Consultants

Name: Kwong Li

Telephone: (852) 2864-4896

E-mail: louis.kwong@a-world.com.hk

About Cyberport

Cyberport is Hong Kong’s flagship digital technology and incubation base, home to more than 2,000 community enterprises, including more than 900 park-based and nearly 1,100 non-resident start-ups and technology companies, managed by Hong Kong Cyberport Management Company Limited, a wholly-owned subsidiary of the Government of the Hong Kong Special Administrative Region. Cyberport’s vision is to become a digital technology hub that will create a new economic powerhouse for Hong Kong. By nurturing technology talent, encouraging young people to start their own businesses and nurturing start-ups, Cyberport is committed to creating a thriving I&T ecosystem, promoting the development of the technology industry through collaboration with local and international strategic partners, and accelerating the adoption of digital technology by the public and private sectors to promote the integration of the new economy with the traditional economy.

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Source: Golden Finance