Core Viewpoint - The Chief Executive of Hong Kong, John Lee, announced the establishment of the "Northern Metropolis Development Committee" to accelerate the development of the Northern Metropolis, emphasizing its strategic importance and potential for economic growth [1][6]. Group 1: Development Plans - The Northern Metropolis covers approximately one-third of Hong Kong's total area, including Yuen Long and North District, with several new development areas and hubs at various planning and construction stages [2]. - The Northern Metropolis is expected to be the most active area for urban construction and population growth in Hong Kong over the next 20 years, with a projected population of about 2.5 million, accounting for one-third of Hong Kong's total population [6][7]. Group 2: Administrative Measures - The government plans to simplify administrative processes, including the introduction of a fast-track approval system and a phased development model, to reduce engineering costs and shorten construction timelines [7]. - The "Northern Metropolis Development Committee" will consist of three working groups focusing on development models, university town planning, and comprehensive management of planning and execution [1]. Group 3: Economic Integration - The development of the Northern Metropolis aims to enhance Hong Kong's integration with the Greater Bay Area, particularly with Shenzhen and Guangzhou, facilitating closer collaboration in technology and industry [6]. - The Lok Ma Chau Loop, a key area for innovation cooperation between Hong Kong and Shenzhen, is being developed with a focus on industries such as life sciences, microelectronics, new energy, and artificial intelligence [6].