On November 27, 2024, China Merchants Group and The University of Hong Kong held a signing ceremony for scientific research cooperation. China Merchants Advanced Technology Institute, Tianjin Institute of Pharmaceutical Research Pharmaceutical Co., Ltd. (TIPR), and The University of Hong Kong signed relevant project cooperation agreements, jointly accelerating the research and development of next-generation pharmaceuticals in the Greater Bay Area and contributing to the development of Hong Kong as an international innovation and technology center.