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Letters

Bernard Chan wrote last week of the Hong Kong government’s plan to expand Zhuhai airport (“Why Hong Kong aviation is going to come back stronger”, December 4).
At Logie Group, I advise on infrastructure finance in Asia and I welcome these plans. There has long been a need to coordinate the five airports in the Greater Bay Area. Amid this inertia, Zhuhai has been so underutilised that it has been able to close to the public when it holds its biennial air show.
Investing in Zhuhai would involve some cooperation between the three governments in the Greater Bay Area, but it would cost a fraction of the HK$155 billion (US$20 billion) they lavished on the Hong Kong-Zhuhai-Macau Bridge or the more than HK$140 billion budgeted by the Hong Kong government for the third runway at Chek Lap Kok.
In passing, Mr Chan acknowledges that Hong Kong’s maritime cargo is probably a sunset industry. Again, he is right.
Just as the London Docklands and Manhattan’s Seaport were converted into waterfront real estate years ago, Hong Kong’s maritime cargo could be relocated to where it comes from – Shenzhen – and Kwai Tsing converted into much-needed real estate more cheaply and years ahead of that other white elephant, Lantau Tomorrow Vision.
Andrew Kinloch, Mid-Levels


Clean up act to truly promote green finance
I am writing in response to the article “Hong Kong can become green bond financing hub for Greater Bay Area, monetary authority says” (November 24).
I agree Hong Kong is well-positioned for such a role, especially in light of the recently launched Guangdong-Hong-Kong-Macau Greater Bay Area Green Finance Alliance, which will help facilitate cross-border research and encourage green investments.
However, I would like to point out that Hong Kong should first step up its measures in sustainable finance to catch up with and promote international norms in this sphere. For example, while it was announced last December that there would be more disclosure requirements for listed companies on environmental, social and governance, to take effect from July, this must be followed up with compliance oversight on environmental issues such as greenhouse gas emissions.
Moreover, I think Hong Kong should not neglect the potential of the local commercial sector to innovate in this regard. For example, the Bank of China in September began issuing “blue bonds” to finance marine-related green projects across various domestic and overseas markets. These were the first such bonds to launch in Asia and the first issued by a commercial bank globally.  The Hong Kong authorities should give more support to the private sector to design new ways to achieve the shared goal of sustainable finance.
In short, to be a truly competent green financing hub, Hong Kong should cherish opportunities to collaborate with other jurisdictions while not losing sight of local policies and potential.
Cherry Ho, Sha Tin


Self-funded campuses favoured in Hong Kong’s new university towns

China airports climb global-connectivity ranking as international routes rise: OAG report

Hong Kong aims to raise innovation spending to 3% of GDP by about 2030

Hong Kong sets 5-year plan to double innovation spending, boost new industries

Greater Bay Area

Hong Kong is set to soar with Zhuhai airport move

An artist’s impression of expansion plans at Hong Kong International Airport, where a third runway costing HK$144 billion will be built. The Airport Authority will also expand its investment in the smaller Zhuhai airport to build a “world-class aviation cluster” in the region. Photo: Handout

Hong Kong seeks bigger stake in Zhuhai airport to ensure it has say in its future development, officials say

An artist’s impression of work planned at Hong Kong International Airport. Photo: Handout

Hong Kong Airport expansion plans - City of 3rd Runway Concerns of Hong Kong Airport.

The driverless system between the airport and border-crossing facility is expected to be ready in 2022 and to Tung Chung by 2027/28. The development hinged on a new transport law allowing driverless vehicles to operate. HANDOUT PHOTO

Fred Lam Tin-fuk, chief executive officer of the Airport Authority (AAHK), pose for a photo. 03DEC20 SCMP/ Olga Wong

Image of Asia-World Expo Two at Hong Kong International Airport. HANDOUT PHOTO

Hong Kong airport’s US$1.5 billion bond oversold by 10 times as investors clamour to bet on post Covid-19 travel recovery

Airport Authority Hong Kong, which operates the city’s airport, on Wednesday launched the first ever US-dollar perpetual bond by an airport globally. Photo: EPA-EFE

General view of the site of third runway at Hong Kong International Airport off Tung Chung ready for construction. Photographed during a WWF media boat tour to Lung Kwu Tan to talk about land reclamation and marine spatial planning. 20AUG18 SCMP / Nora Tam

graphic for online reclaimation economic development lung kwu tan - river trade terminal tuen mun new territories aerotropolis - develop over cross-border facility - third runway north lantau - sunny bay - leisure node - siu ho wan - public/private housing with 14000 units kowloon hong kong island lantau island hong kong international airport lantau tomorrow vision - business district - housing cheung chau lamma island 2km source: hong kong government scmp

Why Hong Kong’s third runway is a mistake: look at Shenzhen airspace push

The runway and apron at Hong Kong International Airport in 2012. Photo: Nora Tam

Hong Kong’s plan for stake in Zhuhai airport could be boon for cargo business, but passenger flights another story: experts

Zhuhai’s airport maybe relatively small, but Hong Kong has big plans for it. Photo: Shutterstock

Airplanes grounded at the Hong Kong International Airport in Chek Lap Kok. Flights were affected by the outbreak of coronavirus. 14MAR20   SCMP / Robert Ng

A general view to the traffic of Hong Kong, Macau and Zhuhai Bridge, Lantau which is affected by the COVID during it's second anniversary. The bridge connect Hong Kong, Macau and Zhuhai traffic opened at 24OCT18. 19OCT20 SCMP/Martin Chan

How Hong Kong can make the best of the Greater Bay Area

Shenzhen glows at dusk on April 2109, as seen from the Hong Kong side of the border. Cooperation with Shenzhen and other Greater Bay Area cities could be to Hong Kong’s benefit as long as it does not impinge on the advantages that keep the city relevant to the Chinese economy. Photo: Martin Chan