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.
Hong Kong Fund Industry May Double With Tokenised Finance And 24/7 Trading Access
Hong Kong could potentially double the size of its fund industry by moving from legacy infrastructure to token-based fi... Read more
HKMA Alerts Public To Scam Website And Login Screens Posing As Official Site
The Hong Kong Monetary Authority (HKMA) has issued a public alert regarding a fraudulent website and online login scree... Read more
Hong Kong Fintech Promotion Blueprint Indicates 4 Incoming Flagship Projects
The Hong Kong Monetary Authority (HKMA) released the Hong Kong Fintech Promotion Blueprint on 3 February 2025, which sh... Read more
Visa To Enable Cross-Border Payments To 95% Of UnionPay Cardholders In China
At Web Summit Qatar, Visa and UnionPay International (UPI) announced an agreement to enable cross-border money transfer... Read more
HKMA Launches Fintech Blueprint With AI, DLT, Quantum And Cybersecurity Focus
The Hong Kong Monetary Authority (HKMA) published a Fintech Promotion Blueprint to support responsible innovation and f... Read more
How Gaming Giants Are Redefining The Experience Of Paying
Gaming isn’t just a hobby; it’s a global infrastructure challenge. In this episode Vincent Fong (Chief Editor, Fint... Read more