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Policy Address measures highlighted

Secretary for Commerce & Economic Development Edward Yau today briefed members of the Trade & Industry Advisory Board on initiatives related to commerce and trade in the 2021 Policy Address.   Mr Yau said the Policy Address focuses on integration into national development and states that the developments of Hong Kong and the nation are closely related.   While the nation is the major growth engine and driving force for the global economy, the 14th Five-Year Plan, the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Qianhai plan, the economic development pattern of not only greater domestic circulation but also domestic and international dual circulation, as well as the Belt & Road Initiative have brought unlimited opportunities for enterprises and professional services providers in Hong Kong.   The city must seize these opportunities and leverage its advantages, Mr Yau noted.   During the meeting, the commerce chief stressed that Hong

Kai Tak site sold

The tender for a Kai Tak site has been awarded on a 50-year land grant at a premium of $10.28 billion, the Lands Department announced today.   New Kowloon Inland Lot No. 6604 at Kai Tak Area 4E Site 2 was awarded to City Champion Investments, a subsidiary of CK Asset Holdings.   It has a site area of about 10,948 sq m and is designated for non-industrial purposes, excluding office, godown, hotel and petrol filling station.   The site’s minimum and maximum gross floor areas are 36,129 sq m and 60,214 sq m.
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