Chief executive of the Hong Kong Special Administrative Region (HKSAR) Tung Chee-hwa hopes to further cooperation between Hong Kong and Beijing in the field of high-tech industry.

Tung said he is satisfied with the investment climate in Beijing's Zhongguancun Science and Technology Park as Beijing Vice Mayor Liu Zhihua was showing him around.

The chief executive showed special interest in the preferential policies mapped out for the park, and the idea of establishing a high-tech park for new businesses. A new electronic fingerprint technology product created by Founder also attracted Tung's attention.

Zhongguancun, known as "China' s Silicon Valley" in western Beijing, is now home to some 6,000 domestic high-tech enterprises, including Legend, China's biggest PC producer, Stone, and Beijing University Founder Group Corp., as well as to over 1,000 companies invested by and research institutions run by multinational corporations such as IBM, Microsoft, and Mitsubishi.

Vice Mayor Liu also briefed Tung on Beijing's encouragement of a new property rights system, non-governmental capital supported high-tech investment funds, and venture capital companies, and said the park will become a world-class facility in 10 years.