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Northern Metropolis

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Northern Metropolis
Carrie Lam Cheng Yuet-ngor laid down the blueprint for the Northern Metropolis in her 2021 policy address. The scheme, repackaged and expanded from an existing new town plan, involves the development of an IT hub in northern New Territories near the border with mainland China, construction of up to 186,000 homes and a new cross-border railway linking the city to the Qianhai economic zone in Shenzhen. The plan, which would take 20 years to deliver, is seen as a major strategic change for development, moving the city's centre away from Hong Kong Island to the north, to integrate the city into the latest national development plan.
Hong Kong economy

Legal framework for Northern Metropolis to be tabled at Legco on March 24

Latest budget is seeking HK$30 billion in initial capital for development of Hetao Hong Kong Park, San Tin Technopole and Shui Kiu Industry Park.

No Exchange Fund withdrawal in next 5 years after latest transfers: Paul Chan

Opinion | Hong Kong’s fiscal surplus is cause for celebration, not complacency

videocam

Editorial | As Hong Kong’s economy recovers, it must drive Northern Metropolis

While the government’s proposal to dip into the Exchange Fund is unusual, new economic and geopolitical circumstances call for fresh thinking.

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