Yuexiu Group HK$100million Donation to HKUST, Driving the Technological Innovation and Talent Cultivation in GBA
Release Date:2019-06-13 18:26:15

The“Yuexiu Group Donation Presentation cum HKUST-Yuexiu Group One Million Dollar International Entrepreneurship Competition Grand Final Sponsorship Ceremony”was held in the Hong Kong University of Science and Technology (HKUST) on the morning of June 10th . Yuexiu Group donated HK$100 million in support of HKUST’s efforts in research, innovation and talent grooming. Yuexiu Group will also provide HKUST with a RMB10 million sponsorship for the cultivation of quality entrepreneurial projects in Guangzhou and Hong Kong, in order to enhance the concerted efforts of knowledge transfer in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”). The ceremony’s officiating guests included:Mr. YANG Jian, Deputy Director of the Liaison Office at the Central People’s Government in the HKSAR; Mr. YANG Yirui, Deputy Commissioner of the Ministry of Foreign Affairs of the People’s Republic of China in the HKSAR; Mr. CAI Chaolin, standing member of the CPC Guangzhou Committee and Party Secretary of Nansha District; Mr.YEUNG Yun-Hung, Secretary for Education, HKSAR; Mr.LIAO Cheung-Sing, HKUST Council Chairman; Prof. Wei SHYY, HKUST President; Mr. ZHANG Zhaoxing, Chairman of Yuexiu Group. A total of 70 persons, including government leaders from Guangzhou and Hong Kong, representatives with Yuexiu Group, and faculty representatives of HKUST attended the ceremony.

Mr. LIAO Cheung-Sing giving a speech

HKUST Council Chairman Mr. LIAO Cheung-Sing expressed his gratitude towards the donation made by Yuexiu Group to fuel HKUST’s technological innovation and talent cultivation, and highly appreciated Yuexiu group's long-term service in Guangzhou and Hong Kong and its active participation in social welfare undertakings. Mr. LIAO said that,as the largest state-owned enterprise in Guangzhou, Yuexiu Group was founded in Hong Kong and has long served to the development of GBA and construction of an international center for science and innovation.This significant donation by Yuexiu Group not only demonstrates its long-term commitment in corporate social responsibility and sustainable development, but will also support HKUST’s development in talent cultivation and knowledge transfer.

Chairman Mr. ZHANG, Zhaoxing giving a speech

Mr. ZHANG Zhaoxing, Chairman of Yuexiu said that, the construction of the international center for science and innovation in GBA needs high-level universities. HKUST Guangzhou Campus in Nansha will definitely drive the development of science and technology in Guangzhou and the construction of the international center for science and innovation in GBA. The donation to HKUST is to fulfill the obligation and responsibility of Yuexiu Group as an important platform company for the construction of GBA as designated by Guangzhou Municipal Committee and the Communist Party Committee, and also to fulfill the corporate social responsibility. Yuexiu Group’s donation to HKUST will also promote the quality development and in-depth integration among the governments, industries, academia and research, bringing about a win-win situation. Chairman ZHANG said Yuexiu is now in a critical stage of transformation into a new development model driven by operation, resources and innovation, the partnership with HKUST will promote better interface between corporate capital and research achievements, thus strengthening technology transfer and industrial upgrade. It will result in positive interaction and win-win situation among the governments, enterprises, colleges and universities, and scientific research institutions, and help the state-owned enterprise in Kong Kong grow bigger and have more positive impact. Chairman ZHANG presented that, Nansha District is the pilot zone for the comprehensive cooperation of Guangdong-Hong Kong-Macao, as well as the significant development zone of Yuexiu Group. In the future, Yuexiu Group will deepen its partnership with Nansha in the fields such as real property, and finance. Yuexiu Group will cooperate with Nansha, Guangzhou Science and Technology Department, South China University of Technology, HKUST and University of Macau to build the "Guangzhou-Hong Kong-Macao Education and Technology Alliance" with the mode of "Science&Technology+ Finance+ Base". Yuexiu Group will help universities and research institutes transform their scientific and technological achievements through the efforts of "Government + Enterprises + Universities", and build a new platform for scientific and technological innovation and development in the GBA.

Prof. Wei Shyy giving a speech

HKUST President Prof. Wei Shyy said, HKUST and Yuexiu Group share the common thinking on development. HKUST is actively exploring new opportunities and prepare for the construction of Nansha campus on under the development plan of the GBA. He believes that HKUST will have synergies with the Yuexiu Group and generate more cooperation opportunities, which will be conducive to the exploration of innovation and entrepreneurship in Guangzhou and Hong Kong. It is expected to take this opportunity to add new impetus, gather new drivers and unleash new vitality for scientific and technological innovation in the GBA.

Donation Ceremony

Yuexiu Group and HKUST have carried out many projects in the field of scientific and technological innovation in the near future. On May 15, both parties jointly announced that they will, through the Yuexiu group Innovation Competition and HKUST Million Prize International Innovation Competition, explore and nurture outstanding innovation projects in Guangdong, Hong Kong, and Macao, and provide financial support, strategic cooperation and investment opportunities. Both parties will work together to fuel the upgrade of innovation industry and construction of international science and technology innovation center.

Founded in Hong Kong, grown up in Guangzhou, Yuexiu Group attaches great importance to the once-in-a-lifetime strategic opportunity of the construction of the GBA and regards it as a significant political task and an important business opportunity. It puts forward the development strategy in the GBA, "striving to be an important platform company for building world-class city clusters in the GBA and supporting Guangzhou to become the backbone of development among the core cities in the GBA". In the future, Yuexiu Group will strive to become a deep participant in the development strategy of the GBA, an enabler of the communication among the GBA cities, and an active contributor to the public welfare of the GBA. When actively serves GBA’s construction, Yuexiu Group will develop to a new high upon innovation, transformation and upgrading.