40 h. ago Hong Kong plans to build Northern Metropolis logistics hub for smart, green growth

Hong Kong is building a logistics hub for high-value goods, e-commerce and low-altitude economy in the Northern Metropolis mega development project, with authorities set to gauge industry interest in the first site of the cluster this year. The Transport and Logistics Bureau said on Friday that authorities aimed to attract leading logistics firms with tailored incentives, such as land grant arrangements and premium concessions, to a planned industrial cluster covering more than 30 hectares in...

Politics

4 d. ago Hong Kong’s SHKP secures HK$1.4 billion land deal in Northern Metropolis

One of Hong Kong’s largest developers, Sun Hung Kai Properties (SHKP), has entered into a land deal worth around HK$1.4 billion (US$179.5 million) with the government for a site in Kwu Tung South, setting up one of the biggest housing projects in the Northern Metropolis. The company said on Monday that the site could yield over 1.2 million sq ft (111,480 square metres) of floor area and more than 2,700 flats, making it the biggest residential development in the area in recent years. SHKP said...

Economics

6 d. ago Hong Kong beefs up environmental impact reviews with AI, laser

Hong Kong authorities are using artificial intelligence (AI) and laser-based sensors to improve environmental impact assessments for major projects, with plans to use these tools for sustainable development in the Northern Metropolis. The Environmental Protection Department has been employing two systems – one for detecting bird species and another for monitoring trees – at Hong Kong Wetland Park in Tin Shui Wai since last year, in preparation for the planned expansion. The AI-driven bird...

Politics

6 d. ago Hong Kong strengthens environmental impact reviews with AI, laser

Hong Kong authorities are using artificial intelligence (AI) and laser-based sensors to improve environmental impact assessments for major projects, with plans to use these tools for sustainable development in the Northern Metropolis. The Environmental Protection Department has been employing two systems – one for detecting bird species and another for monitoring trees – at Hong Kong Wetland Park in Tin Shui Wai since last year, in preparation for the planned expansion. The AI-driven bird...

Politics

8 d. ago Northern Metropolis can combine best of central planning and free market

The Northern Metropolis is in the news almost every day. The big policy focus for the administration, it is determining a new future for Hong Kong. Part of the New Territories, which were dubbed “a land between” in the 1980s, the area was once little more than a rural leftover between urban Hong Kong and the mainland, where Shenzhen’s paddy fields could be seen from a Lok Ma Chau hill. China’s opening-up policies saw Deng Xiaoping promoting Shenzhen in the 1990s. Suddenly, a world-class,...

Politics

1 week ago US gains leverage over Canadian oil, weakens China amid US plans to overhaul Venezuelan oil market

US gains leverage over Canadian oil, weakens China amid US plans to overhaul Venezuelan oil market  Fox News

Economics

2 w. ago AMD plans to capture 25% market share in China with new GPU push

AMD plans to capture 25% market share in China with new GPU push  OC3D

Politics

2 w. ago Hong Kong trade office head picked to lead body coordinating Northern Metropolis

The director of the Hong Kong Economic and Trade Office in Guangdong has been picked to lead the government body coordinating the Northern Metropolis, after authorities previously pledged to fast-track the megaproject’s development. The government announced on Friday that Linda So Wai-sze would become the director of the Northern Metropolis Coordination Office from Monday next week. The position has been vacant for nearly two months, with the office’s deputy director, Pecvin Yong Pui-wan,...

Politics

2 w. ago Chinese rocket firm LandSpace moves closer to US$1 billion IPO in Shanghai

Chinese rocket maker LandSpace aims to raise 7.5 billion yuan (US$1 billion) from an initial public offering (IPO) in Shanghai, after becoming the first home-grown aerospace firm to have its listing application accepted via a fast-tracked process. The Beijing-headquartered company, regarded as a challenger to Elon Musk-led SpaceX, said its listing aimed to “actively respond to national strategic plans and urgent market demands”, according to its prospectus. The Shanghai Stock Exchange (SSE)...

Economics

2 w. ago China’s DRAM giant CXMT plans US$4.2 billion IPO on Shanghai’s Star Market

CXMT Corporation, parent of Chinese memory chip giant ChangXin Memory Technologies (CXMT), aims to raise 29.5 billion yuan (US$4.2 billion) from an initial public offering in Shanghai to fund technology upgrades, as Beijing presses ahead with its drive for tech self-reliance amid geopolitical tensions. The Shanghai Stock Exchange received CXMT’s application for a listing on the Nasdaq-style Star Market, a filing on the bourse’s website showed on Tuesday night. This marks a critical step towards...

Economics

2 w. ago ByteDance to pour US$14 billion into Nvidia chips in 2026 as computing demand surges

ByteDance plans to spend about 100 billion yuan (US$14 billion) on artificial intelligence chips from Nvidia in 2026, a hefty increase from roughly 85 billion yuan in 2025, if the US company is allowed to sell its H200 graphic processing units in China, according to people familiar with the matter. The budget, which could change, is part of the Beijing-based unicorn’s ambitious capital spending plan in AI for 2026. The company, with a private market capitalisation of US$500 billion, has built up...

Politics

2 w. ago Hong Kong sets up Hung Shui Kiu industrial park operator, sweetens land tender

Hong Kong’s government will set up a dedicated company to run a huge industrial park in Hung Shui Kiu and launch a six-month tender for a pilot area within the zone, offering incentives to encourage bids as part of an initiative to accelerate development of the Northern Metropolis. Secretary for Development Bernadette Linn Hon-ho on Monday said the newly formed Hung Shui Kiu Industry Park Company is expected to be financially self-sustaining despite the government’s initial capital infusion,...

Politics

3 w. ago Launch window opens for China’s private space companies as LandSpace advances IPO

China’s private rocket makers are stepping up their dash for public funding, with Beijing-based LandSpace becoming the first commercial launch provider to clear a key regulatory “tutoring” milestone ahead of a planned listing on Shanghai’s Nasdaq-style Star Market. LandSpace completed its initial public offering (IPO) tutoring process on December 23, according to information published on the website of the China Securities Regulatory Commission (CSRC) – a step that typically precedes the...

Economics

3 w. ago TikTok owner ByteDance’s valuation hits US$500 billion as US survival plan advances

China’s ByteDance, owner of TikTok, has seen its valuation surge to US$500 billion on the private market as it advances a survival plan in the US, up sharply from US$400 billion earlier this year, according to two sources. With the deadline for a sell-or-ban law looming, TikTok CEO Chew Shou Zi informed employees last week that the company had signed a binding agreement to divest its US entity into a joint venture controlled by American investors. “Investors are happy about the deal’s terms as...

Events

4 w. ago Fate of 600 goats in the balance as deadline nears to move for Hong Kong project

Cheung Siu-ling struggles to fight back tears whenever she looks at the 600 goats she has kept for years at a farm near Hong Kong’s border. By the end of January next year, the herd will either have to be relocated or put down. The owner, who is in her fifties, has kept goats for more than two decades, and will have to move them out of their current home, a two-storey shed in Hung Shui Kiu, to make way for the Northern Metropolis megaproject. “I’ve tried so hard to find a new place that fits...

Events