Mainland China’s planning and construction methods for major new areas in Beijing and Hebei province offer valuable reference points for Hong Kong’s development and financing of the Northern Metropolis megaproject, the finance chief has said.
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Financial Secretary Paul Chan Mo-po, who led a 40-strong government delegation to the two locations, shared his takeaways on Friday as he wrapped up his trip to the Beijing Municipal Administrative Centre and the Xiongan New Area in Hebei over the past three days.
The minister described the visit as deeply inspiring and said the two areas provided many concrete reference points as they both demonstrated a “magnificent planning vision”.
“The experiences of both the Beijing municipal centre and the Xiongan New Area – in terms of area development, industrial layout and investment attraction – have provided us with crucial reference points,” he said in Beijing.
“We observed that in the construction of both areas, the government takes the lead in planning, but the market and enterprises also actively cooperate in promoting and implementing the plans.
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“This public-private partnership approach is key to successfully aggregating industrial clusters and attracting talent.”