Core Viewpoint - The Hong Kong government is accelerating the development of the Northern Metropolis, establishing a dedicated committee to streamline administrative processes and enhance resource allocation for this strategic area [1][3]. Group 1: Development Plans - The Northern Metropolis will be led by a committee chaired by the Chief Executive, with three working groups focusing on development models, university city planning, and comprehensive management of planning and execution [1]. - The Northern Metropolis encompasses approximately one-third of Hong Kong's total area, including developed towns and new development zones [1]. Group 2: Economic Potential - The Northern Metropolis is identified as a strategic development area with significant economic value and potential, aiming to enhance Hong Kong's integration with the Greater Bay Area [3][5]. - The area is expected to accommodate around 250,000 residents, representing one-third of Hong Kong's total population by the end of 2024, based on current population estimates [5]. Group 3: Innovation and Collaboration - The "Shenzhen-Hong Kong-Guangzhou" innovation cluster has ranked first globally, indicating a synergistic development model that enhances collaboration between these cities [4]. - The Northern Metropolis is positioned to improve technological and industrial connections with Shenzhen and Guangzhou, fostering closer geographical and industrial ties [3].

Core Points - 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 area [3] - The Northern Metropolis is strategically significant, bordering Shenzhen, and is projected to account for one-third of Hong Kong's area and future population, highlighting its economic value and development potential [3] - The development committee will be chaired by the Chief Executive and will include various working groups focused on development models, university city planning, and overall planning and development [3][4] Development Strategy - The government plans to simplify administrative procedures to facilitate the development of the Northern Metropolis, including the introduction of a fast-track approval system and the adoption of advanced construction technologies to shorten construction timelines [3] - A phased development model will be piloted, allowing for the initial construction and operation of low-density facilities such as retail, entertainment, and exhibition projects to stimulate economic activity before pursuing long-term development [3] Legislative Framework - The Chief Executive mentioned the intention to establish dedicated legislation to expedite the development process, which will empower the government to create simplified statutory procedures and establish statutory park companies with specific funding channels [4] - The legislation will also address cross-border movement facilitation, expedite building plan approvals, and adjust zoning regulations to support development [4]