Lawmakers Give CE Thumbs Up For Policy Address

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-10-06 HKT 17:09

Share this story

facebook

  • Lawmakers give CE thumbs up for policy address

Legislators hailed Chief Executive Carrie Lam's policy address on Wednesday, with New People's Party chairwoman Regina Ip describing it as far-sighted and high quality.

Ip said the proposal to create a Northern Metropolis is a "grand vision" which will bring substantial, long term benefits to Hong Kong.

She said the government should cooperate with the private sector to fund the project.

“The government has not put a price tag on the development. I think it can be done through public-private partnership,” she said.

“The government could set up a special purpose vehicle, in other words, a corporation to invite private sector participation to finance this project rather than as an expenditure item on our budget.”

Liberal Party lawmaker Tommy Cheung also backed the Northern Metropolis plan, saying it is good that more economic activities and jobs will be created in the northern part of Hong Kong.

"A lot of housing for people in the next twenty years and a lot of jobs will be moved to this part. It is something that we like to see. We don't want it to be centralising in Central, Wan Chai and Causeway Bay. That would not help small businesses," he said.

DAB lawmaker Elizabeth Quat welcomed the government's plan to move forward with work on Article 23 national security legislation, saying this should be done as soon as possible.

Federation of Trade Unions lawmaker Alice Mak, meanwhile, said she hoped the government would get cracking on all its plans as soon as possible. But she said as Hong Kong enters a new era, the authorities must make sure they don't leave grassroots residents behind.

RECENT NEWS

Airwallex Yield Service Goes Live In Hong Kong

Airwallex has officially launched Airwallex Yield in Hong Kong on 18 June 2025, which it advertises to offer businesses... Read more

Alipay And Rokid Launch AR Glasses Payment Function For In-Store Payments In China

Rokid has launched its latest augmented reality device, Rokid Glasses. In China, the Rokid AR payment glasses support i... Read more

InvestHKs Gulf Cooperation Council Fintech Visit Spurs Strategic Partnerships

Invest Hong Kong (InvestHK) reinforced its role as a global business hub through a strategic visit to the Gulf Cooperat... Read more

Can Crypto Firms Catch Up On Compliance Gaps As Regulations Evolve?

As crypto adoption accelerates, regulators are ramping up enforcement of the Financial Action Task Force’s (FATF) Tra... Read more

OneDegree Eyes Global Growth With Middle East, Europe And Africa Next

Hong Kong virtual insurer OneDegree has made significant progress in the Middle East, securing 20 contracts since enter... Read more

IFAST Introduces Bondsupermart Live With Stock-like Trading Experience For Bond Investors

To address structural inefficiencies in bond markets, iFAST introduced Bondsupermart Live, a digital bond trading servi... Read more