The Hong Kong government has increased the Urban Renewal Authority’s borrowing limit to HK$35 billion to allow it to raise more funds to finance operations, with the body recording an annual deficit of about HK$2.7 billion, its third straight loss. The cash-strapped statutory body also said on Monday that it would review and introduce a more comprehensive compensation mechanism to cut its acquisition costs for redevelopment and provide better rehousing options for affected owners. Authority...