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Optics Valley Union Seeks Long-Term Collaborations

Hong Kong is the ideal financing, international collaboration and brand-building platform for the Wuhan-based, privately owned Hong Kong-listed business parks developer and operator

Optics Valley Union (OVU) develops, sells and operates more than 10 large technology and business parks in Mainland China. Each has a distinctive theme and they cover a broad spectrum of services, including software and ICT outsourcing, financial back-office, R&D, creative industries, energy conservation, marine tech, biotechnology and healthcare. Established in Wuhan in 2004, OVU has grown into a strong company hiring over 4,000 employees with subsidiaries and business parks across Mainland’s important second-tier cities, including Wuhan, Hefei, Shenyang and Qingdao.

Optics Valley Union Seeks Long-Term Collaborations

In March 2014 , OVU successfully listed on the Hong Kong Stock Exchange, and the market capitalisation supports its development in the Mainland. To help fuel the country’s future economic growth, OVU is committed to transforming itself into a comprehensive service-provider for new industries, with core businesses around four major areas: space and clustering services; business operation services; DHC (district heating and cooling systems) energy conservation services, and venture capital services.

“Energy conservation and management services in the business parks are the key areas that we are focusing on. In particular, our DHC system and service model will help companies reduce around 30 percent of energy consumption, save 40 percent of investment on equipment, and significantly reduce carbon emission,” Michael Jiang, Chief Financial Officer, Optics Valley Union Holding Company Ltd, said.

“With Hong Kong’s status as an international financial and business centre — along with its robust legal framework, excellent local workforce and government services — having a presence here helps raise our profile among local investors, the government, and the business communities,” he added.

Jiang said the company’s actively seeking collaborations with Hong Kong Science Park, Cyberport and the West Kowloon Cultural District through sharing of knowledge, experience and resources. And he appreciates InvestHK’s referral and introduction to the right person in each of these organisations.

Recently, the vibrant startup ventures grew rapidly in Hong Kong. OVU also set up an investment fund in Mainland China, focusing on high-tech investment for optics, renewable energy, smart manufacturing and green tech-related startups, both within and outside of the country. The initial capital under management is RMB100 million. Jiang said the investment fund will invest in Hong Kong’s high-tech startups and the company looks forward to future collaboration opportunities with Hong Kong Science Park.

With Mainland China’s “One Belt, One Road” policy, Jiang said the company is fully aware of the business opportunities as arisen from coastal cities and the strategically important western cities, and is ready to consider collaborations with the local companies in Hong Kong in this regard.

“Wuhan is a highly educated city with a tier-one city’s infrastructure. Our company’s goal is to expand further into tier-one cities in the Mainland, and to springboard into the international market through Hong Kong,” Jiang said.

Friday, July 10, 2015

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Fast Facts

  • Employs more than 4,000 staff in Mainland China
  • Founded by Huang Li Ping in 2004

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