Lantau Reclamation Studies Get Initial Green Light
"); jQuery("#212 h3").html("
"); });
2019-05-25 HKT 15:22
Share this story
Lawmakers on Saturday gave the initial green light for the government to conduct studies into the building of artificial islands off Lantau, but the HK$550 million of funding still need to obtain approval from Legco’s finance committee.
At a meeting of Legco’s public works subcommittee on Saturday, 20 lawmakers supported the funding application and 16 voted against.
The government plans to reclaime 1,000 hectare of land near Kau Yi Chau, which it says will house up to 260,000 flats, but critics say the project – estimated to cost HK$624 billion – will drain public coffers and harm the environment.
Jean-Louis Tse Appointed CEO Of FinTech Association Of Hong Kong
The FinTech Association of Hong Kong (FTAHK) has appointed Jean-Louis Tse as its new CEO. Jean-Louis brings over 20 yea... Read more
XTransfer To Present Compliance And SME Solutions At Hong Kong Fintech Week
XTransfer will participate in Hong Kong Fintech Week 2025 as the event’s Official Fintech Partner. This marks the sec... Read more
Hang Seng E-HKD Pilots Reveal Gains In SME Cash Flow And Efficiency
Hang Seng Bank has completed two use cases in Phase 2 of the e-HKD Pilot Programme under the Hong Kong Monetary Authori... Read more
FundPark Raises US$71M After Surpassing US$6B In ECommerce Financing
FundPark, a Hong Kong-based technology company providing financing solutions for eCommerce businesses, has raised US$71... Read more
Hang Seng Bank Launches “JustPay” With Voice Recording Payment Feature
Hang Seng Bank has introduced “JustPay”, an industry-first payment experience featuring a voice recording function.... Read more
How To Build An AI First Bank | Malaysia Banking CxO Roundtable
AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this round... Read more