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HK Seeks HK$20B for Major Job-Creating Metropolis Plan

2/25/2026

39 8 Full Breakdown

Summary

Story summary

Hong Kong's Financial Secretary Paul Chan requested HK$20 billion for the San Tin Technopole and Hetao Hong Kong Park as part of the Northern Metropolis plan.
The plan would develop 30,000 hectares near Shenzhen and would create 650,000 jobs.
It would house 2.5 million people.
The government launched a HK$200 million rural tourism fund and projected a HK$51.3 billion budget surplus after three years of deficits.

History

Historical Context

In 2023, Hong Kong's government proposed the Northern Metropolis plan, targeting 30,000 hectares near Shenzhen to address urbanization. This initiative follows the 1997 handover from the UK to China, which reshaped Hong Kong's governance. The plan aims to create 650,000 jobs and house 2.5 million people, potentially stabilizing the economy after three years of budget deficits.

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Story summary

Hong Kong's Financial Secretary Paul Chan requested HK$20 billion for the San Tin Technopole and Hetao Hong Kong Park as part of the Northern Metropolis plan.
The plan would develop 30,000 hectares near Shenzhen and would create 650,000 jobs.
It would house 2.5 million people.
The government launched a HK$200 million rural tourism fund and projected a HK$51.3 billion budget surplus after three years of deficits.

1 / 2