New approach to fast-track Hong Kong industrial park gets thumbs up from firms

Hong Kong’s adoption of preferential packages to fast-track an industrial park that falls under the Northern Metropolis megadevelopment has been given an initial thumbs up. Local developers hailed the new approach as a “one-stop service” to help them cut through red tape and resolve problems, while some market observers believed it could also attract mainland Chinese enterprises to partner with Hong Kong firms to invest in the Hung Shui Kiu park. The government announced on Monday that it was...