The Budget speech, delivered by Financial Secretary Paul Chan Mo-po on Wednesday, is an unequivocal rebuttal to the many egregious naysayers about the Hong Kong Special Administrative Region’s alleged economic decline. Contrary to the recurring misinformation aimed at belittling us and diminishing our international standing, Chan presented irrefutable data on our robust economic performance. Despite…
A “relatively flexible” legal framework for Hong Kong’s Northern Metropolis will be introduced to the Legislative Council in late March to fast-track the megaproject’s development, a minister has said. Secretary for Development Bernadette Linn Hon-ho shared the update on the planned framework on Sunday, days after the city’s latest budget sought to allocate HK$30 billion…
Hong Kong’s finance chief on Wednesday lived up to his credentials as a chartered accountant when he produced a surprisingly robust budget, flush with surpluses and full of initiatives to be funded through substantial means at his disposal. One significant initiative is a rare move to dip into the Exchange Fund, the government’s main investment…
Hong Kong’s finance chief has set aside HK$30 billion (US$3.8 billion) to kick-start the Northern Metropolis in his latest budget, aiming to accelerate the megaproject through the government’s partnership with developers and tech enterprises. Financial Secretary Paul Chan Mo-po announced on Wednesday that three companies overseeing the Hetao Hong Kong Park, the San Tin Technopole…
Financial Secretary Paul Chan Mo-po has announced an array of industry spending and relief measures in Hong Kong’s budget, in response to the city’s quicker-than-expected return to a surplus of HK$2.9 billion (US$370.8 million) in its consolidated account. In a two-hour address to the Legislative Council on Wednesday, Chan pledged substantial government support and investment…
Hong Kong’s finance chief will earmark substantial funds for a new innovation hub near the border with mainland China and include incentives to attract more aerospace players to the city in his budget, government sources have said. Highlighting innovation as a key theme of Financial Secretary Paul Chan Mo-po’s budget speech to be delivered on…
Hong Kong’s leader has vowed to expedite the growth of innovation and technology (I&T) across the product development cycle by streamlining the path from lab to market, including using a “dual-engine” strategy that partners with the finance industry. Chief Executive John Lee Ka-chiu made the pledge at a ceremony on Thursday that marked the 10th…
The Northern Metropolis is in the news almost every day. The big policy focus for the administration, it is determining a new future for Hong Kong. Part of the New Territories, which were dubbed “a land between” in the 1980s, the area was once little more than a rural leftover between urban Hong Kong and…
Hong Kong’s Hung Shui Kiu industrial park will leverage its location advantage to focus on advanced manufacturing, including proprietary Chinese medicine products, in a bid to differentiate itself from the San Tin Technopole, according to development authorities. While the government has yet to set key performance indicators (KPIs) for the company operating the park, a…
Hong Kong’s Northern Metropolis is no longer a distant blueprint but a defining project of our times. In his policy address, Chief Executive John Lee Ka-chiu made clear that its delivery will be a top priority, with new structures, legislation and transport links to ensure momentum. This marks a significant step forward for Hong Kong,…