Paul Chan’s new budget sets aside HK$30 billion to kick-start Northern Metropolis

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 and the Hung Shui Kiu Industrial Park, all part of the megaproject, would each receive HK$10 billion, using...

By Oscar Liu