Hong Kong University of Science and Technology (HKUST) and China Resources Research Institute of Science and Technology (China Resources Institute) of China Resources Enterprise today signed a memorandum of understanding (MoU) to forge a long-term strategic cooperation. Leveraging on HKUST's scientific capabilities and China Resources' cross-industry resources, the collaboration seeks to promote industrial applications by translating research findings into market-oriented products and services, thereby contributing to Hong Kong's development into an international innovation and technology (I&T) hub.
The MoU was signed by HKUST President Prof. Nancy IP and Board Chairman and Chief Executive Officer of China Resources Enterprise Mr. CHEN Ying. Chairman of China Resources Group Mr. WANG Xiangming witnessed the signing ceremony online. Other guests included HKUST Vice-President for Research & Development Prof. CHENG Kwang-Ting, HKUST Vice-President for Institutional Advancement Prof. WANG Yang, HKUST Associate Vice-President for Research and Development (Knowledge Transfer) Dr. Shin Cheul KIM, Executive Deputy Director of China Resources Learning and Innovation Center Mr. LIU Lidong, Vice President of China Resources Enterprise Mr. FENG Kai, Vice President of China Resources Enterprise Mr. ZHI Zhe.
Chairman of China Resources Group Mr. WANG Xiangming said, "Through cooperation with the HKUST, we hope to make full use of China Resources' diversified industrial advantages to promote knowledge transfer of different research areas at HKUST, promote synergy among the research, academic and industry sectors, and enhance the momentum of Hong Kong's I&T development. Meanwhile, we are glad to be able to help nurture talent for Hong Kong and the country, through providing students at HKUST a variety of work and internship opportunities."
HKUST President Prof. Nancy Ip said, "We are very pleased to establish a strategic partnership with the China Resources Research Institute of Science and Technology in the fields of molecular neuroscience, sustainable development and microelectronics, and looking forward to establishing a joint research center for brain science with the China Resources Enterprise. Our strengths in these areas strongly align with the strategic development goals of the China Resources, and I sincerely hope that combining HKUST's research and innovation capabilities with China Resources' diversified industrial advantages will lead to technological breakthroughs and industrial development in these areas, thus contributing to the I&T development in Hong Kong and the nation, and adding new momentum to the nation's social and economic development."
According to the MoU, HKUST and China Resources Institute will form joint project teams to explore feasible collaboration plans on research and knowledge transfer in the aforementioned fields. China Resources Group will also provide internship or job opportunities for HKUST students and graduates, and consider establishing scholarships. Meanwhile, China Resources Business School (Hong Kong) will also explore the possibility of setting up executive training programs - including open classes with the HKUST, in efforts to promote the grooming of business and innovation talent.
Back in July, Mr. Wang Xiangming has visited the State Key Laboratory of Molecular Neuroscience and Energy Institute at the HKUST in the company of Prof. Ip. Prof. Ip introduced the breakthroughs made by her research team in the early detection, diagnosis and treatment of Alzheimer's disease, as well as HKUST's contributions in key technologies such as clean energy and energy storage.
About The Hong Kong University of Science and Technology
The Hong Kong University of Science and Technology (HKUST) (https://hkust.edu.hk/) is a world-class research intensive university that focuses on science, technology and business as well as humanities and social science. HKUST offers an international campus, and a holistic and interdisciplinary pedagogy to nurture well-rounded graduates with global vision, a strong entrepreneurial spirit and innovative thinking. Over 80% of our research work were rated "Internationally excellent" or "world leading" in the Research Assessment Exercise 2020 of Hong Kong's University Grants Committee. We were ranked 3rd in Times Higher Education's Young University Rankings 2022, and our graduates were ranked 23rd worldwide and among the best from universities from Asia in Global Employability University Ranking and Survey 2021. As of 2022, HKUST members have founded 1,645 active start-ups, including 9 Unicorns and 7 IPO companies, generating economic impact worth over HK$400billion. InvestHK cited QS World University Rankings by Subject 2021 to demonstrate the performance of five world's top 100 local universities in several innovation-centric areas, among which HKUST ranked top in four engineering and materials science subjects.
About China Resources Group
China Resources (Holdings) Co., Ltd. ("CR" or "China Resources Group") is a diversified holding company registered in Hong Kong. Since 2000, CR has built up to its current business pattern and scale. Under China Resources Group there are six key business areas, including consumer products, integrated energy, urban construction and operation, healthcare, industrial finance, technology and emerging sectors, 25 profit centers, two direct affiliates, about 2,000 business entities, and 371,000 employees. China Resources Group ranks 70th in Fortune Global 500 2022.
About China Resources Enterprise
In September 1992, China Resources Group (CR Group) invested Winland Investment Limited, a listed company in Hong Kong, and renamed it as "China Resources Enterprise, Limited (CR Enterprise)". CR Enterprise was among the first Chinese enterprises to be listed in Hong Kong. CR Enterprise currently owns businesses such as CR Logistics, Pacific Coffee, CRE Property, CRE Smartech and other businesses. During the 14th Five-year Plan period, CR Enterprise is positioned as a Hong Kong and International business platform, incubating domestic and foreign new industries for CR group. Seizing the opportunity for consumption upgrade and science technology innovation, and participating in China's dual circulation economic strategy.
