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,…
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,…
With Hong Kong leader John Lee set to deliver his annual policy address on September 17, the Post examines key topics the chief executive is expected to focus on, including a mega infrastructure project near the border, new economic drivers and livelihood issues. In the second of a seven-part series, Edith Lin examines how the…
Hong Kong will build more subsidised homes in its new I&T hub near the border with mainland China to cater to the increasing needs of middle-class families and align with the city’s strategy to attract top talent, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin also outlined her plans to make public…