Hong Kong authorities have proposed doubling the size of a planned digital technology hub in Lau Fau Shan under the city’s Northern Metropolis megaproject, while landmark buildings would be permitted to reach up to about 250 metres (820 feet) in height under the initiative. The amended proposal, which will be discussed by the Yuen Long…
A proposed university town in Hong Kong will set aside vacant land to capitalise on future opportunities arising from social and technological changes, a minister has said, days after a top official revealed that the project size could be tripled to 300 hectares (741 acres). Secretary for Education Christine Choi Yuk-lin on Wednesday told the…
Hundreds of security guards and police officers were deployed on Tuesday to evict about 20 residents from a Hong Kong village as part of the government’s Northern Metropolis blueprint, despite residents saying their concerns remain largely unresolved. The operation by the Lands Department on Tuesday sparked heated confrontations with Tin Sam Tsuen villagers, who lived…
Hong Kong should revive plans for large-scale reclamation off Lantau Island to run in parallel with the Northern Metropolis project, property magnate Gordon Wu Ying-sheung has said, warning that a lack of urban land will hold back the city’s development as the population grows. The 90-year-old founder and chairman of Hopewell Holdings also described it…
The arrival of Yuan Gujie, the new deputy director of Beijing’s liaison office in Hong Kong, has sparked widespread speculation. Her legal background and experience in Guangdong province suggest that her posting carries a clear agenda: to promote deeper integration between Hong Kong and other Greater Bay Area cities. One thing is clear: if the…
At least one company under Kazakhstan’s sovereign wealth fund will list on the Hong Kong stock exchange this year, the head of the city’s Trade Development Council has said. Council chairman Frederick Ma Si-hang on Tuesday also underscored the country’s huge potential, noting that Kazakhstan was seeking to privatise its state-owned companies and Hong Kong…
The government’s investment arm achieved a double-digit internal rate of return last year, greater than many newly established venture capital funds, according to its CEO. “Many overseas funds have a J-curve performance, as they tend to suffer an initial loss before a gain,” said Clara Chan Ka-chai, CEO of Hong Kong Investment Corporation (HKIC). “But…
On April 16, Chief Secretary Eric Chan Kwok-ki, Financial Secretary Paul Chan Mo-po and Constitutional and Mainland Affairs Secretary Janice Tse Siu-wa traveled to Beijing to meet with the State Council’s Hong Kong and Macao Affairs Office. The subject was Hong Kong’s first five-year plan. For decades, Hong Kong thrived on nimbleness, market instincts and…
A combination of sky-high rents, career anxiety and social isolation is placing a mental and financial strain on mainland Chinese students living in Hong Kong, even as more than 40 per cent of them plan to remain in the city, a survey has revealed. The study released by the Youth Expats Association on Sunday also…
Hong Kong is actively considering launching a new offshore renminbi venture fund to channel capital into cutting-edge technology and emerging industries, while supporting yuan internationalisation, the city’s finance chief has said. The initiative aligns with the nation’s 15th five-year plan, which guides development from 2026 to 2030 and calls on Hong Kong to enhance its…