Trial flights for Hong Kong’s first two-tonne electric vertical take-off and landing (eVTOL) aircraft could take place within the next six months, initially to transport heavy construction materials to remote sites in the New Territories. Infrastructure consultancy AECOM said once aviation safety for cargo logistics was proved, the potential next step was ecotourism, providing an…
The International Monetary Fund (IMF) has lauded the resilience of Hong Kong’s economy, noting a sustained recovery despite economic activity having yet to return to pre-Covid levels, while warning of downside risks stemming from escalating geopolitical tensions. It also urged Hong Kong to pursue medium-term financial reforms, including the introduction of a goods and services…
The Hong Kong government’s first land sale in the current financial year has drawn six bids, according to the Development Bureau, including those from the city’s largest developers, suggesting a more confident outlook for the residential property market. At the close of tender for Tung Chung Town Lot No 54 at Area 106A on Friday…
Hong Kong must evolve beyond acting solely as a “superconnector” and reposition itself as a “super value-adder”, a leading think tank has said, urging the city to strengthen its role in global supply chains and align with national development amid geopolitical and technological shifts. In a 216-page report released on Friday, the 2022 Foundation –…
The average waiting time for long and short-term general applicants for subsidised public rental housing in Hong Kong had fallen to 4.7 years as of March, authorities said, marking the first time it has dropped below five years under the current administration. Despite the decrease in the “composite figure”, which included light public flats, the…
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…