CE Proposes Northern Metropolis In Policy Address
"); jQuery("#212 h3").html("

"); });
2021-10-06 HKT 12:42
Chief Executive Carrie Lam has proposed developing a metropolis in northern New Territories in her policy address on Wednesday to provide more land for housing and business development.
With an area of some 300 square kilometres, the proposed Northern Metropolis covers Yuen Long and North District. It encompasses current towns such as Tin Shui Wai and Fanling and neighbouring rural areas, as well as new development areas under planning or construction such as Kwu Tung North/Fanling North and San Tin/Lok Ma Chau.
She said the Northern Metropolis will be developed into an international IT hub.
"Proposed individual development projects together with the surrounding rural and conservation areas will be integrated in an innovative and organic manner conducive to upgrading the entire region to a metropolitan area," the chief executive said.
Lam also stressed the need for conservation. She said the ecological functions of around 2,000 hectares of conservation area, including the Mai Po Inner Deep Bay Ramsar Site, will be enhanced.
The chief executive said an additional 600 hectares of land could be developed in the new metropolis to provide up to 186,000 new residential units. In all, the region could offer up to 926,000 homes and be home to 2.5 million people in future.
And the number of jobs in the area will rise from 116,000 right now to 650,000.
"With as many as seven land‑based boundary control points, the Northern Metropolis will be the most important area in Hong Kong that facilitates our development integration with Shenzhen and connection with the Greater Bay Area," she said.
Wise Hong Kong Business Account Now Available For SMEs To Manage Global Payments
Wise, a global technology company in international money management, launched its international business account in Hon... Read more
ChinaAMC HKD Digital Money Market Fund Debuts As Hong Kongs First Retail Tokenised Fund
OSL Digital Securities (OSL), a regulated digital asset platform and part of OSL Group (863.HK), announced the launch o... Read more
American Express And Alipay Team Up To Simplify Traveller Payments In China
American Express and Alipay introduced a new payment feature that allows eligible global American Express Card Members ... Read more
Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028
Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more
SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets
The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more
WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency
WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more