Chinachem Group signs a Memorandum of Understanding with The Chinese University of Hong Kong, Shenzhen

Chinachem Group signs a Memorandum of Understanding with The Chinese University of Hong Kong, Shenzhen

23 August 2023
Background

Chinachem Group signs a Memorandum of Understanding with The Chinese University of Hong Kong, Shenzhen to foster industrial-academia-research collaboration. Witnessed by Chinachem Group’s Executive Director and CEO Donald Choi (back right) and President of The Chinese University of Hong Kong, Shenzhen Prof. Xu Yangsheng (back left), the MoU is signed by Executive Director and CFO of Chinachem Group Ricky Tsang (front right) and Vice President (Administration) of The Chinese University of Hong Kong, Shenzhen K.C. Yuen (front left).

Chinachem Group (“the Group”) and The Chinese University of Hong Kong, Shenzhen (“CUHK-Shenzhen”) have signed a Memorandum of Understanding (MoU) for a strategic partnership to explore collaboration in fields such as medical care, sustainable development and smart city development, with the objective of leveraging the combined strengths of the Group and CHUK Shenzhen for mutual benefit.

 

Professor Xu Yangsheng, President of CUHK Shenzhen, conveyed his congratulations to the two parties and shared his expectations for their co-operation. “This co-operation signifies a milestone for both CUHK-Shenzhen and the Group with the University celebrating its upcoming 10th Anniversary very soon, while the Group is entering a new era of sustainable development since its establishment over 60 years ago,” Professor Xu said. “Chinachem Group is neither a listed nor a family-owned corporation, and is committed to bringing positive contributions to the people and society through its business operations. Its core values and adherence to a ‘Triple Bottom Line’ approach aligns with the University’s motto, ‘Through learning and temperance to virtue’. Based on these shared values, we will develop an important foundation and opportunity for future collaboration.  We hope the Group and CUHK-Shenzhen can work together to enhance our communications and co-operation in such areas as medical care and smart city development.  Our collaboration will be a valuable demonstration of the training and development of talented professionals, and the development of industrial innovations in the Greater Bay Area.  We will strive to contribute to establishing an international technological innovation centre in the GBA.”

 

 

Prof. Xu Yangsheng, President of The Chinese University of Hong Kong, Shenzhen, speaks at the MoU signing ceremony.

 

Donald Choi, Executive Director and Chief Executive Officer of Chinachem Group said, “The most notable manifestation of our social responsibility is that we adhere to a ‘Triple Bottom Line’ approach to business – a commitment to make a balanced and positive impact on ‘People, Prosperity and Planet’ in everything we do. This collaboration meets all three of those criteria. Through it, we are joining hands to foster industry-academia-research interaction and explore solutions in areas such as medical and life science facilities, sustainable development, smart cities and the ageing population.  This will also help spur the Group's business diversification, as well as further cultivate the advantages of Shenzhen and Hong Kong in generating mutual benefits.”

 

Donald Choi, Executive Director and Chief Executive Officer of Chinachem Group, speaks at the ceremony.

 

Under the MoU framework, the Group and CUHK-Shenzhen intend to establish an ATP GMP Centre (Centre for Good Manufacturing Practices for Advanced Therapy Products) as the pilot collaboration project of developing a medical and life sciences facility, which is strongly supported by the Longgang District Government of Shenzhen. In addition, the MoU promotes in-depth co-operation between industry, academia and research institutes, according to the needs of the Guangdong-Hong Kong-Macao Greater Bay Area. In the future, the two parties will join hands to further strengthen the innovative development of medical platforms, modern logistics and more.  This collaboration will reinforce talent development and exchanges at CUHK-Shenzhen to promote the implementation of innovation-driven development strategies and accelerate the independence and self-reliance of high-level scientific and technological development for major contributions to the Government.

 

CUHK-Shenzhen was established in 2014 in accordance with the Regulations of the People’s Republic of China on Chinese-foreign Cooperation in Running Schools, upon approval by the Ministry of Education. The University is committed to providing top-quality higher education that features an integration of East and West and fostering an enriching research environment. It is CUHK-Shenzhen’s mission to cultivate innovative talents with a global perspective, Chinese cultural traditions and social responsibilities.

 

Since 1960, Chinachem Group has been a leading property developer in Hong Kong, with a portfolio covering residential, commercial, retail and industrial buildings for sales and investment, in addition to operating hotels, property management as well as healthcare and elderly services. The Group actively seeks to make a positive contribution to society through its adherence to the ‘Triple Bottom Line’, a commitment that its activities will benefit People, bring Prosperity to the community, and preserve the Planet. 

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