The Hong Kong government plans to launch a public consultation this quarter on the city’s first five-year plan aligned with national development, aiming to gather views on which policies the government should focus on in the coming years. Chief Executive John Lee Ka-chiu said on Tuesday that Hong Kong’s five-year plan would bring numerous benefits,…
Hong Kong’s MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city’s economic base and foster closer integration with the Greater Bay Area. The number of bids for the…
Hong Kong’s government is under mounting pressure to deliver the Northern Metropolis, announced in 2021, as it approaches the end of its term – less than 15 months and counting. The megaproject, to turn 30,000 hectares (74,132 acres) near the border with mainland China into a centre of international innovation and technology, is to be…
Hong Kong should take a more proactive approach to removing barriers hindering the cross-border flow of people, capital, goods and data with neighbouring Shenzhen, analysts have said, as the new leadership of the mainland China tech hub signals a fresh push for deeper integration. The calls for action followed the appointment of Jin Lei, an…
For the first time in its history – and in a striking departure from its long-standing doctrine of minimal economic intervention – Hong Kong is preparing to draw up a five-year plan. Chief Executive John Lee Ka-chiu has asked all policy bureaus to help draft proposals by the end of the year. To lead the…
For a Chinese enterprise venturing overseas, the first decision is often not which market to enter, but which city to launch from. And that choice increasingly narrows to Hong Kong or Singapore. Both offer deep capital markets, common law systems and Chinese-speaking talent. Both want to be the trusted first stop. But a gap has…
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…
Hong Kong leader John Lee Ka-chiu has met European Union representatives to discuss opportunities for cooperation, with the chief executive saying both sides highlighted a shared belief in multilateralism amid increasing tensions and market turmoil. Ambassador Harvey Rouse, head of the EU Office in Hong Kong, called for both sides to work together, describing the…
Travelling from Hong Kong’s commercial heart to the site of the San Tin Technopole, a planned innovation hub under the Northern Metropolis megaproject, is an exercise in endurance. The roughly two-hour trek from Causeway Bay requires taking trains on two lines, navigating two transit interchanges and catching a ride on a public minibus. Upon arrival,…
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…