Hong Kong’s new Hung Shui Kiu industrial park will leverage the advantages of its location to focus on advanced manufacturing, including proprietary Chinese medicine, in a bid to differentiate itself from the San Tin Technopole, according to development authorities.

While the government has yet to set key performance indicators (KPIs) for the company operating the park, a top development official said on Tuesday that the firm was expected to be financially independent and accountable to the Legislative Council for the economic growth it generated.

“We hope to position ourselves as a smart, advanced manufacturing hub,” Permanent Secretary for Development Doris Ho Pui-ling told a radio show.

“Some industries have indicated an interest in settling in Hung Shui Kiu, including manufacturers of environmentally friendly concrete and proprietary Chinese medicine.”

Unlike the nearby San Tin Technopole, which focuses on innovation and technology (I&T), the Hung Shui Kiu site would leverage its proximity to the Shenzhen Bay border and Hong Kong International Airport, Ho said.

She also said that Hong Kong was already home to some big proprietary Chinese medicine brands that were looking to expand their production lines and tap into the mainland Chinese market.