Server racks in data centres.

    Powering innovation or jeopardising climate goals?

    By Steven Chan Hong Kong attempts to position itself as Asia’s innovation hub, and the numbers look impressive. Server racks in data centres. Photo: Brett Sayles, via Pexels. According to market data, the city hosts 47 data centres with a total IT load of 581 megawatts. Another 671 megawatts worth of facilities are already in…

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    ‘Show patriotism through concrete actions,’ Xia Baolong tells Hong Kong businesspeople

      ‘Show patriotism through concrete actions,’ Xia Baolong tells Hong Kong businesspeople

      Beijing’s point man on Hong Kong affairs has urged businesspeople to serve as the “main force” driving the city’s economic development by investing in innovation and the Northern Metropolis megaproject, calling on them to demonstrate their patriotism through “concrete actions”. Xia Baolong, director of the Hong Kong and Macau Affairs Office, also reminded Hongkongers to…

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      Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

        Hong Kong seeks to raise bond issuance ceiling to HK$900 billion

        A proposed increase in the Hong Kong government’s borrowing cap for its bond programmes to HK$900 billion (US$115 billion) will be sufficient to finance infrastructure projects over the next three years, officials have said, while leaving the door open to further rises in the long run if needed. Andrew Lai Chi-wah, permanent secretary for financial…

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        Separate fencing hall and pool in revised Northern Metropolis sports facilities plan

          Separate fencing hall and pool in revised Northern Metropolis sports facilities plan

          A world-class fencing hall and stand-alone swimming complex will be built in Hong Kong’s Northern Metropolis megaproject, authorities have revealed, in a move that experts said must be accompanied by good transport and support services for elite athletes. Sports industry experts raised their suggestions on Tuesday after the Leisure and Cultural Services Department (LCSD) updated…

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