Mainland Chinese Firms Key to Financing Hong Kong’s Northern Metropolis Project

Mainland Chinese firms share risks to deliver Northern Metropolis success: analysts

Mainland Chinese enterprises will play a key role in developing Hong Kong’s Northern Metropolis by sharing financial risks and helping align the megaproject with national strategy, according to real estate and political advisers. Their analysis followed the award of the blueprint’s first pilot area in Hung Shui Kiu to HSK New Development, a consortium led by five mainland giants and local developer Sino Land on Monday. Pledging an investment of HK$16.8 billion (US$2.14 billion), the consortiu...

By Edith Lin