Since 2021, Hong Kong’s development as a regional intellectual property (IP) trading centre has featured in China’s five-year plans and the policy addresses of chief executives Carrie Lam Cheng Yuet-ngor and John Lee Ka-chiu. There are good strategic reasons to see considerable potential in developing the city as an IP servicing centre for the Greater…
The Hong Kong Institute of Certified Public Accountants (HKICPA) has urged the government to introduce tax incentives to help develop the Northern Metropolis and to improve the stock exchange’s listing regime to further cement the city’s role in international finance. The organisation’s submission for Hong Kong’s first five-year plan asked the government to consider tax…
The Hong Kong property market’s recovery is forecast to moderate in both prices and rents in the coming months as disruptions brought about by artificial intelligence, slower population inflows and other factors are likely to impact the upturn, according to UBS. The Swiss investment bank said that in addition to AI and slower population growth,…
It made perfect sense for Hong Kong Chief Executive John Lee Ka-chiu to hold public consultations on both the city’s first five-year plan and the last policy address of his current term at the same time. Many have been putting forward views that warrant serious consideration. It is clear that Lee needs to be bolder…
Hong Kong homebuyers flocked to the first batch of units at a major residential project in the Northern Metropolis with 44 – or more than half – of the 82 flats made available via regular sale finding buyers as of 7.30pm on Sunday, according to agents. Wheelock Properties’ Park Silicon project in Kwu Tung North…
I’m a little perplexed and bemused by the brouhaha surrounding Hong Kong’s decision to draft its first five-year plan, as if the sky is falling in around the city’s famed laissez-faire economy. Predictably, Yale University’s Stephen Roach (he of “Hong Kong is over” fame) warned in a commentary last month that “Chinese-style central planning” could…
Changes in US trade policy and interest rate trends will significantly affect Hong Kong’s economy but the impact will be “primarily psychological”, the finance chief has said, while expressing optimism for growth momentum to continue into the second half of the year. Two days after the Hong Kong government raised its full-year economic growth forecast…
Hong Kong’s Northern Metropolis University Town is no longer just a planning concept. After site visits by a university town task force, the government has reportedly absorbed lessons from overseas models, expanded the university town area to more than 1,000 hectares, received 19 proposals from local institutions and moved towards phased site tendering and development….
Hong Kong’s inaugural five-year plan should prioritise the Northern Metropolis mega development, strengthen the city’s position as an international financial centre and advance its artificial intelligence (AI) strategy, major business chambers have said. In submissions for the city’s first five-year plan, groups including the American Chamber of Commerce in Hong Kong (AmCham) and the Federation…
Hong Kong authorities received more than 16,000 public submissions for the city’s inaugural five-year plan by the close of its consultation on Friday, with an official noting general support for more focused integration into national development and the strategic cultivation of emerging sectors. Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa described the blueprint,…