CE Rejects Idea Of Reclamation In Mainland Waters
"); jQuery("#212 h3").html("

"); });
2020-10-19 HKT 11:53
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.
OKI And Hitachi To Launch Joint Venture For ATM And Automated Equipment In October
OKI, Hitachi, and Hitachi Channel Solutions have announced that they have reached agreements to integrate their automat... Read more
The Race For Hong Kongs First Stablecoin Licenses Is Almost Over
I’ve been refreshing the Hong Kong Monetary Authority’s register of licensed stablecoin issuers frequently over the... Read more
HTF Securities And Alchemy Pay Expand Hong Kong Type 1 License For Virtual Assets
Alchemy Pay has announced that, in partnership with HTF Securities Limited, it has successfully expanded HTF Securities... Read more
Ping An Digital Bank Rebrands As Deposits Exceed HK$12 Billion
Ping An Digital Bank has introduced a new brand identity, aligning more closely with its parent, Ping An Insurance. The... Read more
Futus PantherTrade Launches Full-Scale Licensed Operations In Hong Kong
Futu has announced that its wholly-owned virtual asset trading platform, PantherTrade, has begun full-scale licensed op... Read more
Mastercard Enables AI Agent To Complete Live Ride-Booking Payment In South Korea
Mastercard has completed a live, authenticated agentic transaction in South Korea, marking a key development in AI-powe... Read more
