HKSTP manages facilities and provides value-added services for the technology, research and development sector in Hong Kong.

[2] HKSTP Key figures as of 31 May 2024: Hong Kong Science and Technology Parks Corporation Ordinance (Cap.

565) takes effect at the establishment of Hong Kong Science and Technology Parks Corporation (in Chinese 香港科技園公司).

[3] Section 8 of the Ordinance confers power on HKSTP to serve its purposes by means which are ‘expedient’, ‘conducive’, ‘reasonably incidental’ and consequential’.

[3] Under section 8, some examples of the power vested are acquisition of property, entering into contract and carrying out works for founding, enhancement or development of its premises.

[14] In October 2018, HKSTP announced the launch of the first phase of roll-outs utilising the HK$10 billion funding support provided by the HKSAR Government.

[18] Another councillor Regina Ip argued that HKSTP had prioritised the outlook of the infrastructure over the construction cost which leads to high rental rate and management fee.

[18] In response to such comments, Rita Lau, the Secretary for Commerce and Economic Development emphasized that they did not consider the outlook as a top priority and a considerable portion of construction cost was spent on high-tech laboratories and sterile rooms which are necessary for the purposes of the Park.

[20] Tien Chan-Lin is a former University of California Berkeley chancellor who pushed forward the establishment of Hong Kong Science Park in late 1990s.

[20] He once raised that the Government should be responsible for the availability of comprehensive and continuous support to the research and development sector at different levels.