Hardware Indispensible To Sports Development: FS
"); jQuery("#212 h3").html("

"); });
2023-03-19 HKT 11:32
Financial Secretary Paul Chan said on Sunday the government plans to improve existing sports facilities, saying they are essential to the development of physical recreation.
Writing on his weekly blog, Chan, who turned 68 on Saturday, revealed that he'd had his first taste of skateboarding last week. He said it was an "unforgettable" experience learning from Luk Chun-yin - who represented Hong Kong in skateboarding at the Asian Games - on the Kwun Tong Promenade.
"Although I was nervous while learning, I saw results as I persevered and wasn't afraid of difficulties," Chan said.
He said there are now plenty of urban sport facilities on offer, including over 120 five-a-side football pitches, nearly 30 sport climbing walls, skateboarding parks and other extreme-sport venues.
The finance chief also stressed that in his budget last month, he reserved resources to look into converting parts of the Kwun Chung Municipal Services Building in Jordan and nearby King George V Memorial Park into urban sport venues.
Feasibility studies on these projects are expected to be completed within this year.
Chan also noted a number of upcoming sports events as Hong Kong returns to normality following the Covid-19 pandemic, such as the rugby sevens later this month, the international dragon boat races and the Cyclothon.
He reiterated that the Tourism Board has reserved some HK$250 million to promote "mega tourism" events, including major sports tournaments.
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more