Hong Kong’s Victoria Harbour during the signal No 8 typhoon Kompasu in October last year. Typhoons may almost double their overall destructive power, according to research by the Chinese University of Hong Kong and a Greater Bay Area weather research centre, in a worst-case climate change scenario. Photo: Nora Tam
Hong Kong’s Victoria Harbour during the signal No 8 typhoon Kompasu in October last year. Typhoons may almost double their overall destructive power, according to research by the Chinese University of Hong Kong and a Greater Bay Area weather research centre, in a worst-case climate change scenario. Photo: Nora Tam
Business of climate change
Business

Climate Change: Hong Kong property firms are assessing risks and improving resilience, as extreme floods and storms loom on horizon

  • About a third of properties used as collateral for loans worth US$370 billion were located in areas vulnerable to flooding and rising sea levels, a stress test found last year
  • It’s literally ‘adapt or die’ for Hong Kong’s financial industry, think tank executive says

Eric NgMartin Choi
Eric Ng and Martin Choi

Updated: 9:07am, 21 Mar, 2022

Why you can trust SCMP
Hong Kong’s Victoria Harbour during the signal No 8 typhoon Kompasu in October last year. Typhoons may almost double their overall destructive power, according to research by the Chinese University of Hong Kong and a Greater Bay Area weather research centre, in a worst-case climate change scenario. Photo: Nora Tam
Hong Kong’s Victoria Harbour during the signal No 8 typhoon Kompasu in October last year. Typhoons may almost double their overall destructive power, according to research by the Chinese University of Hong Kong and a Greater Bay Area weather research centre, in a worst-case climate change scenario. Photo: Nora Tam
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