位于深圳河两岸的河套深港科技创新合作区，是香港北部都会区与广深港科技创新走廊的天然交汇点。 图为深圳河两岸风光。 北部都会区是推动香港未来经济发展的重要引擎，也是香港深度参与粤港澳大湾区建设、更好融入国家 发展大局的重要抓手。自香港提出建设北部都会区以来，经过不断调整与谋划，北部都会区的建设发展 正全面提速，释放巨大经济价值和发展潜力。 "加快推动北都高效建设，是香港未来发展的当务之急和战略重点，特区政府必须全力以赴，抢占发展 先机，推动香港经济迈向高增值及高竞争力的新台阶。"香港特区行政长官李家超在此前发表的2025年 施政报告中，以专门章节阐述加速推进北部都会区建设的系列举措，包括成立"北都发展委员会"、制定 专属法律等。 "北都发展委员会"下设3个工作组，聚焦推进北部都会区专属法例工作、协助产业进驻企业落户、敲定 北都大学城发展策略以及加快审批和落实土地建设项目。李家超表示，北部都会区的基本规划已出台， 现在是加快发展北都、引入产业和重大项目的最佳衔接期。 此次《概念纲要》的公布，业界期待已久。"国家'十五五'规划建议明确支持香港建设国际创新科技中 心，《概念纲要》提供具前瞻性的目标及清晰的发展方略，新 ...

Core Viewpoint - The Northern Metropolis is identified as a core engine for Hong Kong's economic development, with significant growth potential and economic value, facilitating integration with Shenzhen and other cities in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1: Development Strategies - The Hong Kong government is accelerating the development of the Northern Metropolis through innovative thinking and optimized top-level design, aiming to attract industries and investors [1] - The Chief Executive's 2025 Policy Address outlines measures to expedite the development of the Northern Metropolis [1] Group 2: Project Updates - The meeting discussed the progress of three pilot area developments: Hung Shui Kiu, Fanling North, and San Tin Technological City, along with ecological tourism nodes at Tsim Bei Tsui and Pak Nai [1] - Development updates were provided on the Lok Ma Chau Loop Hong Kong-Shenzhen Innovation and Technology Cooperation Zone, the planning of the Hong Kong-Shenzhen Western Railway, and the reconstruction of the Sha Tau Kok Port [1]

Core Viewpoint - A subtle shift is occurring in Hong Kong, transitioning from a focus on security to prioritizing economic development, with an emphasis on enhancing its international financial center status [2][3]. Economic Overview - Hong Kong's economy is projected to grow at 2.5% in 2024, down from 3.2% in 2023, with forecasts for 2025 generally between 2% and 3% [4]. - Trade and financial services are the two main pillars of Hong Kong's economy, each contributing approximately 20% to GDP [4]. Challenges in Economic Development - The international unique trade status of Hong Kong is uncertain due to changing global dynamics and the emergence of free trade zones in mainland China, which have diminished Hong Kong's previous advantages [5]. - Hong Kong has lost its position as the world's largest container port and is now ranked 11th in 2024, with Shenzhen and Guangzhou taking the 4th and 6th spots respectively [5]. Employment and Social Issues - The financial sector, while strong in capital attraction, does not provide sufficient employment opportunities, leading to a rise in low-end jobs in sectors like retail and dining, exacerbating social mobility issues and income inequality [5]. Opportunities in Technology Innovation - The potential for growth lies in the technology innovation sector, as Hong Kong has a strong academic foundation but lacks the necessary environment for technology commercialization [8][10]. - Hong Kong's R&D investment as a percentage of GDP is only 1.11% in 2023, significantly lower than the EU (2.2%), the US (3.59%), and South Korea (4.85%) [12]. Strategic Initiatives - The "Northern Metropolis" project aims to develop a new urban area focused on innovation and technology, leveraging Shenzhen's industrial strengths to enhance Hong Kong's economic landscape [14][15]. - The establishment of the Hong Kong-Shenzhen Innovation and Technology Cooperation Zone is expected to contribute approximately 52 billion HKD annually to Hong Kong's economy and create around 52,000 jobs [15]. Integration with Mainland China - Recent policies, such as allowing vehicles from Guangdong to enter Hong Kong, signal a growing interconnection between Hong Kong and mainland China, emphasizing the importance of collaboration for future growth [16]. - The shift in economic dynamics indicates that Hong Kong must redefine its role and seek new opportunities in technology and innovation to remain competitive [22].

Group 1: Economic Development and Policy - The Northern Metropolis is identified as a new engine for Hong Kong's economic development, with plans to enhance decision-making and streamline administrative processes to achieve construction goals of safety, cost reduction, and efficiency [1] - The Hong Kong government aims to promote industrial restructuring by consolidating traditional industries like finance and law while fostering emerging sectors such as advanced manufacturing, life sciences, new energy, artificial intelligence, and data science [1] - Special legislation will be established to accelerate the development of the Northern Metropolis [1] Group 2: Corporate Expansion and Investment - JD Group is one of the key enterprises expanding its business in Hong Kong, with its team growing from 1 to 2000 members, and plans to reach 10,000 in the future [2] - The company emphasizes the strong radiation effect of mainland tech firms entering Hong Kong, enhancing the competitiveness of traditional industries through technology [2] - WeRide, a robotics company, is preparing for a secondary listing in Hong Kong, leveraging the city's financing advantages to connect with international long-term investors [2] Group 3: Biotechnology Sector - The biotechnology sector is highlighted as a key area for Hong Kong's development, with significant growth in mainland biotech companies [2] - The introduction of the 18 Chapter A listing rules by the Hong Kong Stock Exchange provides financing channels for innovative drug companies, attracting many biotech firms to the region [2] - Hong Kong is preparing to launch a "Hong Kong version of the FDA" to expedite the approval process for mainland innovative drug companies, allowing them to gain approval in Hong Kong before seeking licenses in other developing countries [3]

Core Viewpoint - The chairman of Sino Land Company, Huang Yongguang, expressed optimism about the future of the Hong Kong property market, citing six favorable factors that will drive economic and real estate growth in the region [1]. Group 1: Market Outlook - Huang highlighted that the Hong Kong property market reflects the overall economic situation, and a healthy economy will lead to real estate development [1]. - The company recorded approximately 16,000 transactions in the primary market this year, surpassing the total for the entire year of 2024 [1]. Group 2: Positive Factors for the Property Market - Six positive factors for the Hong Kong economy and property market were identified: 1. The U.S. and Hong Kong entering a rate-cutting cycle 2. Strong performance in the Hong Kong IPO market 3. Government talent programs supporting rental and purchase demand 4. The "Study in Hong Kong" initiative attracting non-local students 5. Increased visitor numbers boosting the economy 6. The Northern Metropolis being a key development project in the Policy Address [1]. Group 3: Future Development Plans - The company plans to focus on the development of the Northern Metropolis, which is seen as a future economic driver for Hong Kong [2]. - Sino Land has three new projects in the pipeline, totaling approximately 3,756 units, with the first project expected to launch by the end of the year [2]. Group 4: Investment Property Performance - The rental rate for the company's investment properties remains stable, with shopping mall occupancy at 93% and residential properties exceeding 90% [2]. - The company is actively reviewing attractive second-hand investment projects in the market to seek positive financial returns [3].

Core Viewpoint - The Hong Kong Development Bureau has reported significant progress in the Northern Metropolis development over the past two years, with four new development zones currently under construction, covering nearly 900 hectares of land [1] Group 1: Development Progress - The Northern Metropolis is expected to see a multiple increase in land and housing output in the coming years [1] - The planning for the Northern Metropolis has been largely finalized, with projects commencing to accelerate development and attract corporate investment [1] Group 2: Policy Initiatives - The government plans to introduce a "package of incentives" to promote industry and investment in the Northern Metropolis, aiming to facilitate business establishment in Hong Kong [1] - The Chief Executive's Policy Address includes proposals to simplify administrative procedures and establish dedicated legislation for the Northern Metropolis to expedite its development and attract industries [1] Group 3: Strategic Focus - The Northern Metropolis will provide over 3,000 hectares of new development land, leveraging its geographical proximity to Guangdong Province [1] - The focus will be on developing innovation technology, education, and high-end industries, positioning the Northern Metropolis as a platform for deepening cooperation with other cities in the Guangdong-Hong Kong-Macao Greater Bay Area [1]

Core Points - The Hong Kong SAR government plans to auction a residential site in Jordan Valley, Kowloon, providing approximately 570 units in the third quarter of the fiscal year 2025 [1] - The total private housing land supply for the first three quarters of this fiscal year is expected to reach about 12,430 units, which is 94% of the annual supply target [1] - Recent trends indicate a recovery in the residential property market, with increased transaction volumes and prices, bolstered by the U.S. resuming interest rate cuts, enhancing market confidence [1] Group 1 - The government will also auction a property development project in Tuen Mun, offering around 1,280 units [1] - Eight private development and redevelopment projects are anticipated to complete land administrative procedures in the third quarter, providing about 4,570 units [1] - Two larger projects are located in the development potential areas of Hung Shui Kiu and Sheung Shui in the Northern Metropolis [1] Group 2 - The Secretary for Development, Ning Hanhao, mentioned that the government will initiate the tender for the Hung Shui Kiu area development by the end of this year, potentially increasing residential land from two to three sites [3] - The government plans to construct roads to alleviate pressure on developers [3] - The Vice President of the Unity Hong Kong Foundation suggested extending the "infrastructure first" principle to other areas, with the government leading investments in capital-intensive main transportation to enhance investment visibility and land attractiveness [3]

Core Viewpoint - The development of the Northern Metropolis is seen as a key driver for Hong Kong's future growth and a crucial platform for industrial transformation and innovation, with significant strategic implications for long-term sustainable development [1][2][3] Economic Performance - Hong Kong's economy is highly external-oriented, closely tied to the global economic environment, with a real GDP growth of 3.1% year-on-year in the first half of the year, and a slight increase from 3.0% in the first quarter to 3.1% in the second quarter [1] - The unemployment rate remained stable at 3.7% from June to August, with continuous growth in citizens' employment income [1] Government Initiatives - The government aims to explore new economic growth points and optimize the industrial structure to enhance growth momentum and create quality job opportunities [2] - The development of the Northern Metropolis and the establishment of an international innovation and technology city reflect the government's commitment to injecting new momentum into Hong Kong's economy [2] - The Northern Metropolis is positioned to leverage the "14th Five-Year Plan" development strategy, facilitating better integration with national development goals [2] Investment and Industry Development - The Northern Metropolis is expected to play a critical role in advancing higher education, modern logistics, and upgrading existing industries, while also improving living conditions to alleviate congestion in core urban areas [2] - The government is focused on attracting investment and enterprises through a diversified development model, with a new policy package aimed at promoting investment and industrial development across various sectors, including land allocation, pricing, finance, talent, and taxation [3] - A new committee has been established to oversee the development of incentives for attracting industries and investments, with the first meeting held on October 6 to review current strategies [3]

Core Insights - Michael Kadoorie, chairman of CLP Group, expressed strong confidence in Hong Kong's resilience and potential for development, emphasizing the city's unique position as a cultural and economic bridge between East and West [1][3]. Group 1: Company Background - CLP Group, originally known as China Light and Power Company, has been a significant part of Hong Kong's history for over a century, with the Kadoorie family leading the company through four generations [3]. - Michael Kadoorie, as the third-generation leader, has overseen substantial growth in both business and charitable endeavors [3]. Group 2: Hong Kong's Development - Kadoorie highlighted that Hong Kong's journey has not been smooth, but its character is defined by resilience, likening it to a rubber ball that rebounds higher after being hit [3]. - He believes that Hong Kong must leverage its advantages and unite as a society to navigate future challenges successfully [3]. Group 3: New Opportunities - The Northern Metropolis (referred to as "北都区") is identified as a new opportunity for Hong Kong, allowing better integration into the Guangdong-Hong Kong-Macao Greater Bay Area [4]. - Kadoorie emphasized the importance of early planning and construction, noting that CLP is prepared to ensure sufficient power supply for the Northern Metropolis [4]. Group 4: Encouragement for Youth - Kadoorie encouraged Hong Kong's youth to remain diligent and optimistic, suggesting that a positive attitude will lead to new development opportunities [5].

Core Viewpoint - The Northern Metropolis is a crucial platform for the structural transformation of Hong Kong's industries, aiming to better achieve the synergistic development of "finance + innovation and technology + trade" [1] Group 1: Development Strategy - The core of the Northern Metropolis development work is "targeted focus and flexible methods," which means clearly binding the development of the Northern Metropolis to industrial implementation [1] - The development and operational model design group, led by the Financial Secretary, will hold its first meeting this month to explore innovative and practical solutions across various aspects such as legal frameworks, administrative procedures, and financing plans [1] Group 2: Goals and Implementation - The objective is to accelerate the promotion of the Northern Metropolis and the entry of industries, thereby speeding up the realization of development goals [1]