CE Open-minded About BYD's "SkyShuttle" System
"); jQuery("#212 h3").html("

"); });
2023-04-22 HKT 18:55
Chief Executive John Lee said on Saturday the government is open-minded about a rail transit system from a mainland company, as he continued leading a delegation of principal officials and legislators on a four-day trip to different cities in the Greater Bay Area.
Delegation members visited the headquarters of BYD in Shenzhen earlier in the day, and were briefed about a rail transit system dubbed the "SkyShuttle" developed by the company.
On whether the administration will bring in the system, Lee, who's tried the technology, said the government is open to anything that is good for Hong Kong's development.
"The Transport and Logistics Bureau has all along been proactive in studying mass transit system, especially on its smart and green development," he told reporters.
Lee added that the authorities need to look at a range of factors, including the city's environment and finances.
The delegation split into two groups in the afternoon, with Lee leading some lawmakers to visit commercial drone manufacturer DJI and an innovation and entrepreneurial hub that fosters start-ups.
Lee noted Hong Kong and Shenzhen - a place he described as a "brother" to the SAR - have much in common.
"Many different new industries have successfully started in Shenzhen, and they are doing well. Hong Kong is also a place where dreams come true," Lee said.
Another group, headed by Chief Secretary Eric Chan, paid a visit to the headquarters of tech giant Tencent.
The two groups will travel to Dongguan and Foshan separately, before visiting Guangzhou together on Monday.
XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services
XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more
Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026
Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more
HashKey And Kraken Form Partnership On Institutional Tokenised Assets
HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more
Reap Expands Global HQ With New Office In Hong Kong
Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more
HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth
Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more

