Research on the Development Path for Jointly Building a World-Class Strategic Industrial Cluster in Shenzhen-Hong Kong Under the Integrated Perspective of the “New Industrialization” Strategy

Abstract

The strategic integration of “new industrialization” between Shenzhen and Hong Kong has shown a positive trend. Based on their respective comparative advantages, the two regions have established an orderly industrial division system. The deep integration of Shenzhen’s manufacturing industry with Hong Kong’s service industry has jointly promoted the prosperous development of the regional economy. In the Lok Ma Chau Loop area, the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone is thriving, with a series of strategic emerging industrial projects successively landing, serving as a model for scientific and technological innovation cooperation between the two regions. Meanwhile, as an important platform for Shenzhen-Hong Kong cooperation, the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone has attracted a large number of Hong Kong-funded enterprises, becoming the forefront of economic interaction between Shenzhen and Hong Kong. However, while the strategic integration of “new industrialization” between Shenzhen and Hong Kong has achieved significant results, it also faces numerous challenges. Firstly, there is still considerable room for improvement in the alignment of systems and standards. Shenzhen and Hong Kong have significant differences in their economic, legal, and administrative systems, lacking a unified coordination mechanism and planning layout, which has led to a slow process of optimizing resource allocation. Secondly, Shenzhen faces “bottleneck” key technology challenges in its industrial development, with the lack of core technological breakthroughs becoming a bottleneck restricting industrial upgrading. Hong Kong, on the other hand, faces issues of industrial structural hollowing-out and simplification, with a fragile economic system due to the lack of manufacturing support. This paper aims to delve deeply into the current situation and challenges of the strategic integration of “new industrialization” between Shenzhen and Hong Kong, and by analyzing the advantages and disadvantages of cooperation between the two regions, proposes a development path for jointly building a world-class strategic industrial cluster.