More Northern Metropolis areas to benefit from eased cross-border resources flow

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The Northern Metropolis development initiative in Hong Kong is set to benefit more areas through eased cross-border flows of data, materials, and capital. Pilot projects aimed at accelerating development within Hong Kong’s innovation zone and Shenzhen are expected to launch this year.

More areas within the Northern Metropolis development could benefit from new measures to ease cross-border flows of data, materials and capital, with pilot initiatives set to launch this year in Hong Kong’s innovation zone with Shenzhen. The details were revealed on Saturday in a paper submitted to the Legislative Council by the Development Bureau, which provided an update on drafting dedicated legislation to accelerate development of the megaproject, a 30,000-hectare (74,131 acres) initiative...