Hong Kong authorities have tightened requirements for future tenants of the Central Harbourfront Event Space by introducing key performance indicators (KPIs) for tenders and penalties for poor execution, with some analysts saying the move would help improve the city’s image after the fiasco of a hot-air balloon festival last year. The Development Bureau said on Monday that an open tender was under way until mid-February for a new tenant of the roughly 3.7-hectare (9.1-acre) site, with the...