Chief Executive John Lee Ka-chiu has assured that Hong Kong’s business leaders have the freedom to make their own investment decisions, despite a top Beijing official’s call for their active participation in the city’s long-term development. But the city leader also said on Tuesday the business sector could further contribute to making Hong Kong a…
Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said. Economic and property specialists said the central government’s “explicit” call to…
Hong Kong would have needed “at least a few more years” to wipe out its notorious subdivided flats if authorities had set standards requiring landlords to offer bigger homes for rent, the city’s housing chief has said. The government has proposed eight square metres (86 sq ft) as the minimum size, a target that has…
Beijing’s point man on Hong Kong affairs has called on property tycoons to back the government’s long-term development drives such as the Northern Metropolis by actively bidding for the projects involved, the city’s development minister has said. Secretary for Development Bernadette Linn Hon-ho on Saturday revealed the appeals by Xia Baolong, director of the Hong…
Beijing’s point man on Hong Kong affairs has urged real estate tycoons and business leaders to “recognise their responsibilities” and take “concrete actions” to support the city’s economic development, the Post has learned. Even as he acknowledged them as a “major force” in the economy, Xia Baolong, director of the Hong Kong and Macau Affairs…
Chief Executive John Lee Ka-chiu unveiled new policies targeting Hong Kong’s notorious subdivided flats this week, aiming to improve the livelihoods of about 110,000 households living in the cramped homes. But critics have hit out at the government, saying the policy legitimises the problem by effectively allowing 70 per cent of the homes to stay,…
Hong Kong’s largest think tank has a pressing task to help repair the “huge reputational damage” the city has suffered as a result of strained US-China ties. Bernard Chan, chairman of the Our Hong Kong Foundation, said it would expand its overseas exchanges to persuade outsiders to come and see the city for themselves, at…
At a time when Hong Kong tycoons are being called upon to help with the country’s development as it undertakes much-needed reforms, Michael Kadoorie can point to his family’s long-storied involvement in both the city and mainland China as ample proof of that commitment. Yet in a rare recent interview, the media-shy Kadoorie and his…
Businesspeople and entrepreneurs “are not bystanders” in Hong Kong, the city’s leader has said, vowing to lead different sectors to help boost the economy and improve livelihoods following his meeting with a senior Beijing official last week. Chief Executive John Lee Ka-chiu made the pledge on Tuesday, days after hearing from Xia Baolong, director of…