Revise Harbour Protection Law For Reclamation: Govt
"); jQuery("#212 h3").html("
"); });
2023-02-19 HKT 13:37
Share this story
The Development Bureau on Sunday said it wants to revise an ordinance preventing reclamation in Victoria Harbour to make it easier to push through harbourfront projects.
The Protection of the Harbour Ordinance discourages reclamation to protect the harbour, but projects can go ahead if they fulfil an "overriding public need" requirement.
Harbourfront Commissioner Leonie Lee wrote on her blog that some waterfront improvement projects have not been pushed forward because of the ordinance, including some abandoned piers in Kai Tak and To Kwa Wan.
Lee said the ordinance has a high threshold, so she hopes to simplify procedures under it to implement the projects as soon as possible.
She added her team will hand its suggestions to the Legislative Council and the Harbourfront Commission. A public consultation will also be held.
TOPPAN Edge Becomes Japans First Qualified VLEI Issuer
The Global Legal Entity Identifier Foundation (GLEIF) has announced TOPPAN Edge, a subsidiary of TOPPAN Holdings that p... Read more
SFC And Dubais DFSA Partner On Cross-Border Regulatory Cooperation
The Dubai Financial Services Authority (DFSA), the independent regulator of the Dubai International Financial Centre (D... Read more
Toss To Launch Finance Super-App In Australia, Plans Won-Based Stablecoin
South Korea’s fintech unicorn Toss is preparing to launch its finance super-app in Australia before the end of this y... Read more
China Funds Research On Stablecoins And Cross-Border Oversight
China’s largest government-backed research funder has begun accepting applications for studies on stablecoins and the... Read more
XTransfer, CZBank Shanghai Branch Form Cross-Border Finance Partnership
XTransfer has entered into a partnership with the Shanghai branch of China Zheshang Bank (CZBank). The agreement was si... Read more
Brinc Launches VentureVerse Through Acquisition Of OG Club
Brinc, a Hong Kong-based venture acceleration and corporate innovation firm, has acquired OG Club, a decentralised auto... Read more