Stanley Wong:mainland Can Help Fix HK Housing Woes
"); jQuery("#212 h3").html("

"); });
2018-06-06 HKT 00:31
The chairman of the government’s Land Supply Task Force, Stanley Wong, said on Tuesday that it’s received proposals in its public consultation exercise that Hong Kong should borrow land from the mainland.
Wong said the plan would aim to build what he calls “the living zones of Hong Kong people”, to help ease the housing shortage.
Wong said it’s been proposed that the zones could include public housing as well as elderly homes, or house facilities such as container ports, so as to free up land in Hong Kong.
He said the option is worth looking into, even though it may not suit everybody’s needs.
The government is under increasing pressure to tackle the issue of soaring property prices but earlier on Tuesday the Chief Executive, Carrie Lam, dismissed a report that the government was about to discuss a plan to build public flats on top of new MTR stations.
The South China Morning Post had cited sources as saying that the government would ask the rail operator to explore the option of having public housing units built at two possible sites: Siu Ho Wan in North Lantau and a proposed new station near Tuen Mun town centre.
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
