Geely said that because of delays encountered in setting up a parts development center in Hong Kong, its R&D project would not get off the ground in Hong Kong until after March next year, China Business News reports. In July of this year, the automaker signed a partnership memorandum with the Hong Kong Productivity Council to develop a line of vehicles and parts in Hong Kong, originally set to launch by the end of this year. The Hong Kong government had earmarked HK$350 million for the construction of an auto parts R&D center, and other investment brought the total to HK$500 million, of which Geely's project was a major part. A government representative said that the delay was due to processing, and that more time was needed to carefully review the materials. Geely: 0175.HK Link: http://dycj.ynet.com/article.jsp?oid=7193894