Hong Kong should adopt the ‘Hefei model’ in the Northern Metropolis
Hong Kong's Northern Metropolis project could benefit from adopting the "Hefei model" principles, which emphasize state-capital collaboration for cultivating strategic hard-tech sectors. This approach, distinct from Shenzhen's market liberalization, involves significant government investment and ecosystem building around key enterprises. The success of ChangXin Memory Technologies (CXMT) in DRAM production exemplifies this model's potential to foster domestic technological advancement. AI
