Hong Kong company establishes Shenzhen headquarters amid Greater Bay Area push

OKOsix has opened a regional headquarters in Shenzhen as part of Hong Kong's integration with mainland China. The move comes as the firm maintains strong demand from Western markets. It plans further expansion in Guangdong province.

Materials scientist Eddie Yu founded OKOsix in Hong Kong in 2021. The company develops biodegradable materials and has secured sizeable orders from Canada, Europe and Australia.

It recently set up its China headquarters at the Hong Kong Science Park Shenzhen Branch in Futian District. Yu said the site will serve as the base for operations in the mainland market.

The company also intends to build a factory in Guangdong. This step aligns with Beijing's Greater Bay Area plan that connects Hong Kong, Macau and nine Guangdong cities.

OKOsix is among Hong Kong businesses expanding under the government's integration policy while retaining Western customer bases.

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The Development Bureau has outlined plans to test measures easing the flow of data, materials and capital at a key innovation zone near the mainland border.

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Guangdong province pledged to actively align with Hong Kong’s Northern Metropolis strategy in its 15th five-year plan released on Tuesday. The document mentions the Guangdong-Hong Kong-Macau Greater Bay Area 57 times and targets about 5% average annual economic growth for 2026-2030.

Hong Kong's innovation and technology secretary Sun Dong has reported strong enthusiasm from leading Swedish universities for deeper collaboration during his recent visit to the country.

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Acclaimed biologist Xu Xianzhong has returned to China and joined the Shenzhen Medical Academy of Research and Translation as a senior investigator. The move follows the arrest last year of three researchers from his former laboratory at the University of Michigan on smuggling charges.

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