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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

Artificial island study set

The Government today awarded a consultancy agreement for the study on the artificial islands in the Central Waters to Ove Arup & Partners Hong Kong with a contract value of about $220 million.   The Civil Engineering & Development Department said the agreement mainly comprises a detailed planning and engineering study for the 1,000-hectare artificial islands around Kau Yi Chau.   There will also be a feasibility study on the priority road link and the priority rail link connecting the artificial islands.   The study is scheduled to start tomorrow for completion within 42 months.   The artificial islands in the Central Waters is one of the initiatives to increase land supply under the Lantau Tomorrow Vision announced by the Chief Executive in her 2018 Policy Address.   The drive aims to alleviate the acute shortage of land in the medium-to-long run, and to meet Hong Kong’s long-term housing, social and economic development needs.
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