Business Community Insights from Leaders on the Northern Metropolis Project in Hong Kong

Tuesday, 12 November 2024, 05:30

The business community, led by business leaders, plays a crucial role in the Northern Metropolis Project in Hong Kong. Chief Executive John Lee highlighted the need for proactive participation from the business sector to facilitate development despite concerns over free market principles. As the central government encourages active contributions from entrepreneurs, business leaders must align their actions with the growth of Hong Kong.
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Business Community Insights from Leaders on the Northern Metropolis Project in Hong Kong

Business Leaders and the Northern Metropolis Vision

Chief Executive John Lee Ka-chiu has assured that Hong Kong’s business leaders have the freedom to make their own investment decisions, despite a top Beijing official’s call for their active participation in the city's long-term development. On Tuesday, Lee stated the business sector could further contribute to making Hong Kong a better home, amid concerns the central government’s call goes against long-standing free market principles.

Collaboration Between Government and Business Community

Political heavyweight Tam Yiu-chung urged the administration to improve communication with the business community. His comments followed a Friday closed-door meeting where Xia Baolong, director of the Hong Kong and Macau Affairs Office, called on 29 business leaders to support Hong Kong's development.

  • Xia encouraged property developers to actively participate in government initiatives.
  • Lee reiterated the importance of each business’s impact on Hong Kong's overall good.

Lessons from History and Future Contributions

Lee cited Chinese President Xi Jinping’s letter as a call for enhanced contributions to national modernization. He also reflected on Deng Xiaoping's historical encouragement to merchant involvement. Business leaders must not just remain spectators; active engagement is essential for urban progress.

Future Cooperation for Growth

Tam called for a cooperative approach between government and business sectors to address mutual challenges. He emphasized the necessity of proactive government roles in facilitating business proposals, echoing the need to increase business confidence through effective communication.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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