Hong Kong authorities will set up a company this year to accelerate the development of an innovation hub near the border, with firms already expressing interest in moving into the San Tin Technopole, a senior tech official has said. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming also told the South China Morning…
Proposed designated laws to streamline land-use approval procedures for the Northern Metropolis megaproject will not undermine the authority of Hong Kong’s town planning body, some experts have argued while urging the government to establish clear key performance indicators (KPIs) to strengthen market confidence. Observers were responding to a package of six subsidiary laws unveiled on…
Financial Secretary Paul Chan Mo-po delivered his latest budget on February 25. Over the past decade, under his stewardship, Hong Kong has weathered multiple economic shocks and recently returned to a respectable growth rate of 3.5 per cent. Yet the tasks ahead are formidable: addressing a structural fiscal deficit in the city’s capital account while…
The Budget speech, delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is an unequivocal rebuttal to the many egregious naysayers about the Hong Kong Special Administrative Region’s alleged economic decline. Contrary to the recurring misinformation aimed at belittling us and diminishing our international standing, Chan presented irrefutable data on our robust economic performance. Despite…
A “relatively flexible” legal framework for Hong Kong’s Northern Metropolis will be introduced to the Legislative Council in late March to fast-track the megaproject’s development, a minister has said. Secretary for Development Bernadette Linn Hon-ho shared the update on the planned framework on Sunday, days after the city’s latest budget sought to allocate HK$30 billion…
Hong Kong’s finance chief has set aside HK$30 billion (US$3.8 billion) to kick-start the Northern Metropolis in his latest budget, aiming to accelerate the megaproject through the government’s partnership with developers and tech enterprises. Financial Secretary Paul Chan Mo-po announced on Wednesday that three companies overseeing the Hetao Hong Kong Park, the San Tin Technopole…
Peking University intends to establish a research institute in Hong Kong’s future university town in the Northern Metropolis, the city leader has said, as he wrapped up his three-day duty visit to Beijing. Chief Executive John Lee Ka-chiu met Peking University’s party secretary He Guangcai at the campus before having breakfast with four young Hongkongers…