Why is Beijing prodding Hong Kong developers to go for reforms and megaprojects?

Why is Beijing prodding Hong Kong developers to go for reforms and megaprojects?

Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…

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The Urban Renewal Authority may consider issuing more bonds, the organisation’s managing director has said. Photo: Sun Yeung

Hong Kong’s Urban Renewal Authority to weigh bond issuance, borrowing after failed tender

Hong Kong’s cash-strapped Urban Renewal Authority may consider issuing bonds or borrowing more money as it reveals plans to take on a major redevelopment project in Kowloon City on its own after a failed tender in September. The authority’s managing director Wai Chi-sing said it was exploring the “self-initiated approach” to the Kai Tak Road/Sa…

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