'Policy Address To Focus On Land Supply'
"); jQuery("#212 h3").html("

"); });
2021-10-04 HKT 09:35
A political commentator on Monday said he expects Chief Executive Carrie Lam’s upcoming policy address to focus on housing, after Beijing stressed that Hong Kong needs to tackle its housing shortage.
Professor Ho Lok-sang, Director of the Pan Sutong Shanghai Hong Kong Economic Policy Research Institute of Lingnan University said he believes Lam will go all-out on increasing the SAR’s land supply.
“There’s no doubt that housing will be the focus, as it was last time, but this time in particular, because Beijing officials have specifically mentioned housing. So I think the SAR government is going to have an all-out effort to increase housing supply,” he said.
Ho said these would include land reclamation and the development of new towns, adding that former chief executive CY Leung's suggestion to build on the fringes of country parks would not be as difficult to push through as before, given the reduced opposition in the legislature.
However, commenting on whether the chief executive had fulfilled pledges from her last address, Ho said that her record on completing public housing flats was not good.
Ho said on average, the government had completed around 11,800 public rental units a year, which was a lower average than the previous five-year term of around 12,500 flats annually. But he said the record for completion of private flats was better.
Meanwhile, Ho said he also wanted to see more support for carers.
“There have been many tragedies for people caring for fragile elderly and so on, sometimes handicapped children – I think that’s something they have to address. The staff ratio, especially for the private elderly homes is extremely low in some cases.
“I think that is definitely a priority that the government should address.”
Regarding the disbandment of the Confederation of Trade Unions, Ho said it was not unexpected.
“It was going to happen. With the Hong Kong Professional Teachers’ Union disbanded, you can expect that this is going to be disbanded as well. It’s not unexpected at all,” Ho said, adding he believes that similar non-governmental organisations will not survive as well.
Vietnam And South Korea Launch Cross-Border QR Payments
Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more
WeChat Pay Integrates With Local QR Networks In 5 Asian Countries
WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more
Global Transition Finance Ecosystem Gains Momentum
The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more
Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea
Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more
Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI
Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more
Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more
