Hong Kong is betting big on the Northern Metropolis with a university town as a core engine. In this third of a five-part series on the city’s first five-year blueprint, we look at the talk of the town. Read part two here. Hong Kong is a city that has among the highest concentration of top…
Hong Kong authorities have invited interested parties to submit expressions of interest to develop land parcels set aside for a modern logistics cluster under the Northern Metropolis megaproject. The Transport and Logistics Bureau and the Civil Engineering and Development Department said the sites would meet long-term demand, promote the development of modern logistics and reinforce…
Net profit at Hong Kong’s rail operator the MTR Corporation more than doubled to HK$15.87 billion (US$2 billion) in the first half of the year, from HK$7.70 billion a year earlier, as strong gains from property development offset largely flat performance in its rail and commercial operations. The partly privatised corporation reported a 120.7 per…
Hong Kong has changed since the turmoil of 2019-20. Few people would dispute this. The more important question is what kind of city it is becoming. It is evolving into a more nationally integrated yet still distinctive city. The emerging model seeks to combine market dynamism and international connectivity with clearer alignment to national development….
What will a stronger international financial centre look like for Hong Kong? Doubling down on yuan internationalisation is a key focus, experts say in this second of our five-part series on the city’s first five-year blueprint. Read part one here. With a symbolic press of a button, top officials and securities regulators from Hong Kong…
As the government completes a public consultation exercise to craft the city’s own five-year plan to align with national development, the first of this five-part series looks at key questions, starting with the need for such a blueprint. Economist Heiwai Tang has a line he likes to use on free-market purists: “The market is almost…
Hong Kong residents raising goats, sheep and cattle in the New Territories will need a licence under a proposed regulation which aims to reduce nuisance and hygiene problems affecting neighbours, amid the acceleration of urban development under projects such as the Northern Metropolis. The plan was revealed in an Agriculture, Fisheries and Conservation Department (AFCD)…
Something unexpected happened at the town hall meeting held a week ago to gather public opinion on Hong Kong’s first five-year plan and the coming policy address. Hong Kong Chief Executive John Lee Ka-chiu spoke about the need to upgrade the city’s urban management systems. Our results-oriented, reform-focused chief executive seems to be ready for…
Hong Kong’s Northern Metropolis will provide an opportunity to diversify the housing ladder for young people, the city’s leader has said, while also pledging to create a more conducive environment for the cultural sector to build a globally recognised “Hong Kong brand”. “The government has been diversifying the housing ladder,” Chief Executive John Lee Ka-chiu…
Hong Kong’s first five-year plan will be judged not by how many initiatives it assembles. Instead, it will be judged by whether it explains where the city intends to be by 2030 and how it will get there. The consultation document covers the expected ground. It includes the Northern Metropolis; Hong Kong’s roles as an…