Yuanhua Tech Faces Cross-Border Commute and Funding Delays Between Shenzhen and Hong Kong Offices

For employees of surgical robotics company Yuanhua Tech, travelling between their Shenzhen base in Nanshan district and its Hong Kong office in the Science Park means a two-hour commute.

And when the hi-tech firm sends money to Hong Kong for operations, the process can take up to two months.

“The procedures required for transferring funding from our Shenzhen headquarters to Hong Kong headquarters are very complicated … sometimes when we are urgently in need of money, there could be delays,” said Max Meng Qinghu, the company’s chief scientist.

But the Hong Kong office will move into the Hong Kong-Shenzhen Innovation and Technology Park at the border with mainland China, part of the wider Hetao cooperation zone at the Lok Ma Chau Loop, by the end of this year. By then, those challenges could be addressed.

Experts stress that the timely movement of the four elements is critical to the park’s success. Major streamlining in these areas could resolve current bottlenecks in research, recruitment and operations, unleashing the full potential of hi-tech companies and boosting the zone’s overall appeal.