North-eastern port city Dalian has earmarked information and biological technologies as growth engines and plans to use a listing of its window company in Hong Kong to partly finance a high-technology zone to house these industries.
A city official said the zone, Dalian DD Port, would house digital communications technology and DNA technology projects and help the city become an online logistics centre.
The city's cable television operator would introduce a fibre-optic network into the zone.
The Dalian municipal government has been seeking to transform its Hong Kong-based window company Dalian International (Holdings) into a high-technology investment firm before floating it on the Hong Kong stock market.
Part of the funds raised from the Hong Kong listing would be used to finance the development of the DD Port.
The city government has been studying the plan to restructure the window company into a shareholding firm with the city's cable television network operator Dalian CATV and a telecommunications firm becoming the shareholders.