When Law Yin-ping moved into a village house in Yick Yuen Tsuen, Hung Shui Kiu, in northwest Hong Kong more than a decade ago with her granddaughters, it never crossed her mind that they could one day be homeless – and forcibly separated. The Tuen Mun village falls within the government’s planned Hung Shui Kiu/Ha…
Hong Kong has raised HK$27.6 billion (US$3.5 billion) through a green and infrastructure bond sale to finance the Northern Metropolis and low-carbon transformation projects. The offering drew investors from more than 30 markets across Asia, Europe, the Middle East and the Americas, signalling global institutional investors’ confidence in Hong Kong’s development, the Hong Kong Monetary…
The Hong Kong government has appointed veteran politician Jeffrey Lam Kin-fung to chair the board of directors of the Hung Shui Kiu Industry Park Company – the first entity established to accelerate the development of the Northern Metropolis project. The Development Bureau said on Friday that the board of directors comprises five bureau chiefs and…
For decades, Hong Kong thrived as the world’s freest economy without five-year plans, while mainland China rose to become the world’s second largest economy through them. Now Hong Kong has the rare advantage of both: market dynamism and strategic direction. Harnessed through the collective wisdom of the people, this combination can deliver more than what…
Hong Kong’s legislature is set to visit Beijing as a full body for the first time since the city’s return to Chinese sovereignty in 1997, with all 90 lawmakers expected to join the delegation as it seeks better alignment with the national 15th five-year plan. Legislative Council president Starry Lee Wai-king announced on Wednesday that…
Beijing’s point man on Hong Kong affairs has called on the alumni of the prestigious Tsinghua University to help the city better serve national development with their patriotism, pragmatism and global networks. Adding to the remarks by the director of the central government’s liaison office on Sunday, city leader John Lee Ka-chiu also expressed hope…
Congratulations to Financial Secretary Paul Chan Mo-po for getting the city’s budget to sail through the Legislative Council. It wasn’t always such smooth sailing and Chan would do well to acknowledge as much. When Chan was first given the keys to the city’s coffers, they were full. Successive financial secretaries faced political pressure of a…
Hong Kong’s Exchange Fund, the war chest used to defend the local currency, reported its smallest investment gain in five quarters as the Middle East crisis weighed on stock market performance. The fund gained HK$34.5 billion (US$4.4 billion) in the first quarter, 56 per cent lower than HK$79.2 billion a year earlier, according to data…
As Hong Kong prepares for another major push in public works, one question deserves far more attention than it has received: are we buying infrastructure in a way that is sustainable for the construction industry and the public as a whole? In his February budget, Financial Secretary Paul Chan Mo-po announced that HK$150 billion (US$19.1…
Beijing’s point man on Hong Kong affairs and a senior national energy official have held meetings with CLP Holdings chairman Michael Kadoorie, with observers saying it signalled the firm was expected to help minimise livelihood disruptions amid the ongoing global fuel crisis and support the Northern Metropolis megaproject. The Hong Kong and Macau Affairs Office…