Law Changes Set Out To Allow More Harbour Reclamation
"); jQuery("#212 h3").html("

"); });
2023-03-21 HKT 17:34
The government has put forward proposals to make it easier for more reclamation to be carried out in Victoria Harbour, by relaxing a general ban on such work and cutting the paperwork required to secure exemptions under the Harbour Protection Ordinance.
The administration says "harbour-improvement" reclamation involving less than 0.8 hectares should not be subject to the protection laws, and neither should temporary reclamation under three hectares that will remain in place for less than three years.
Reclamation is already allowed in the harbour where there is an overriding public need.
But a Development Bureau spokeswoman on Tuesday said officials find it troublesome to spend years preparing the paperwork needed to justify such projects.
She said exempting smaller and temporary reclamation works from the laws would allow people to get closer to the water through new facilities such as boardwalks and landing steps.
"We want to remove barriers for harbourfront improvement works to get things done, and do it well," the spokeswoman said.
The bureau said the financial secretary could be tasked with approving exemptions, adding that the law changes would also apply to private reclamation projects as these too can benefit the community.
It said a public engagement exercise is planned on the proposals from next month, and the legal amendments necessary are expected to be submitted to Legco in the first half of next year.
Ant International And Bank Of China Partner To Enhance Cross-Border Payment Connectivity
Ant International and Bank of China (Hong Kong) (“BOCHK”) announced a partnership which leverages BOCHK’s banking... Read more
BitGo Korea Gets Green Light For Virtual Asset Custody, Backed By SK Telecom
BitGo Holdings, Inc. (BitGo) announced that its subsidiary, BitGo Korea, Inc. (BitGo Korea), received its Virtual Asset... Read more
Webinar: When Account Takeover Moves Past Onboarding
Account takeover shows why fraud risk cannot be treated as an onboarding problem. Fraudsters are using stolen credentia... Read more
JCB To Trial Stablecoin Payments In Japan With Digital Garage And Lawson
JCB Co., Ltd. (JCB), Digital Garage, Inc. (Digital Garage), and Lawson, Inc. (Lawson) announced that they have jointly ... Read more
Bonnie Chan To Lead HKEX Until Feb 2030 After Securing Second Term
The HKEX Board of Directors has approved the renewal of the employment contract of Hong Kong Exchanges and Clearing Lim... Read more
Ripple Signs Its First Korean Regional Bank In Cross-Border Remittance Deal
Ripple, a blockchain-based enterprise solutions provider for traditional and digital finance, announced a partnership w... Read more

