CE Rejects Idea Of Reclamation In Mainland Waters

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-10-19 HKT 11:53

Share this story

facebook

  • Carrie Lam says Beijing cares too much for the environment to reclaim land for Hong Kong in mainland waters. File photo: AFP

    Carrie Lam says Beijing cares too much for the environment to reclaim land for Hong Kong in mainland waters. File photo: AFP

Chief Executive Carrie Lam has dismissed the idea of reclaiming land in mainland waters, saying she has not heard of any plan by Beijing to make use of nearby islands it controls to create more housing for Hong Kong.

Last month, the Hong Kong Real Property Federation put forward the idea of reclaiming around 60 square kilometres of land around Zhuhai-administered Guishan, south of Lantau.

But in interviews with several pro-Beijing newspapers on Monday, Lam said such a proposal would sabotage the mainland's policies on the environment.

The CE – whose administration is pushing a HK$500 billion plan to build artificial islands near Lantau – said it would therefore be better to reclaim land in Hong Kong waters instead.

But she complained that it is much tougher to reclaim land nowadays compared to around the time of the handover, when people cared less about Victoria Harbour, the wetlands and conservation in general.

She added that because of the political climate and rising awareness about conservation, some people rail against government development plans, which causes delays.

Separately, Lam also said that Beijing is considering proposals she has put forward to speed up the recovery of the local aviation industry, which has been devastated by the coronavirus pandemic.

RECENT NEWS

Future Fintechs Hong Kong Subsidiary Seeks VASP And Asset Management Licenses

Future Fintech, a financial and digital technology services provider, announced that its wholly owned Hong Kong subsidi... Read more

Can Regulation Scale With Innovation? Inside The Stablecoin Plans Of HK And The U.S.

Back in 2022, stablecoins were still an emerging topic. Yet, they stirred enough flurry for the Hong Kong Monetary Auth... Read more

Cyberport Start-ups Forge Regional Fintech Ties At MyFintech Week 2025 In Malaysia

Cyberport led a delegation of its fintech start-ups to MyFintech Week 2025 (MyFW 2025), held in Kuala Lumpur from 4 to ... Read more

Hong Kongs Stablecoin Law Triggers Industry Concerns Over KYC Rules

Hong Kong’s newly implemented stablecoin law, in effect since 1 August, has sparked concern among some in the industr... Read more

Stopping Fraud At The Gate: The New Imperative For Registration & Transaction Monitoring

The Asia-Pacific fintech landscape is thriving, fueled by the rapid adoption of digital payments, online banking and al... Read more

Hong Kong Private Banks See 14% Growth, Hire 400 More Wealth Managers

Hong Kong’s private banking and wealth management sectors are poised for further growth in hiring and office expansio... Read more