Northern Metropolis to Benefit from Eased Cross-Border Resource Flow with Shenzhen
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
New measures aimed at facilitating the cross-border flow of data, materials, and capital are set to benefit more areas within Hong Kong's Northern Metropolis development. Pilot initiatives are scheduled to launch this year, fostering innovation in collaboration with Shenzhen. The Development Bureau submitted a paper to the Legislative Council detailing these plans. This update provides progress on drafting dedicated legislation to accelerate the development of the large-scale megaproject. The initiative spans 30,000 hectares, promising significant economic integration. These measures are expected to boost regional development and cooperation.
This initiative signifies a move towards greater economic integration and technological advancement within the Greater Bay Area.
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