Hong Kong only place in China that can adopt model akin to SpaceX, CY Leung says

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Former Hong Kong leader Leung Chun-ying indicated that Hong Kong is uniquely positioned in China to adopt a financing model similar to SpaceX, leveraging market forces for rapid aerospace industry growth. Leung also emphasized the need for trade-offs in the city’s upcoming five-year development plan.

Hong Kong is the only place in China capable of replicating the financing model of US tech giant SpaceX, which leverages market forces to grow rapidly, former leader Leung Chun-ying has said, urging the city to develop professional services for the emerging aerospace industry. Leung, a vice-chairman of the Chinese People’s Political Consultative Conference, the country’s top political advisory body, also called on Hong Kong to make trade-offs when formulating its first five-year plan,...