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Old September 2nd, 2017, 06:11 AM   #601
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Agents eye big profits as applications open for licences to cross border at Hong Kong-Zhuhai bridge
Members of business and political elite eligible for one of 3,000 permits up for grabs, provided they have made the right contributions
September 1, 2017
South China Morning Post Excerpt

Members of the business and political elite can from Friday apply for one of 3,000 cross-border licences to use on the Hong Kong-Zhuhai-Macau bridge, with agencies gearing up to tap into what looks like being a sellers’ market, charging up to half a million yuan for one permit.

The permits will be limited, and offered only to people or companies who have made certain financial or political contributions on the mainland.

Up to 3,000 private Hong Kong cars will be able to use the bridge, along with the 29,600 and 3,300 existing cross-border-licensed cars in Hong Kong and the mainland, and 140 shuttle buses.

Citizens or companies can apply for a licence, but the licences pertain to a specific vehicle. They will allow the car to drive across the bridge and then anywhere on the other side, on the mainland or Hong Kong.

Anyone without a licensed car will have to take a shuttle bus to cross the bridge. Cars with existing cross-border permits will be allowed to cross the bridge without an extra permit for two years after it opens.

The Y-shaped 42km bridge is set to open by the end of 2017, a year later than originally planned.

According to the Guangdong public security authority, Hong Kong companies which have paid total tax of 100,000 yuan (HK$118,621) in the past three years, or which have been recognised as a national hi-tech enterprise, can apply.

Hong Kong residents who have donated more than 5 million yuan to charities in Guangdong, or who sit on the National People’s Congress or the Chinese People’s Political Consultative Conference, will also be eligible.

More : http://www.scmp.com/news/hong-kong/a...ss-border-hong
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Old October 4th, 2017, 06:20 PM   #602
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2017.09.10-2017.09.16_Chiang Mai-10 by Marvin Wan, on Flickr
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Old October 6th, 2017, 08:11 AM   #603
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Mega-bridge artificial island has big business potential, Lantau group says
Lantau Development Alliance sets out proposal to develop island into an information technology centre
Oct. 5, 2017
South China Morning Post Excerpt

The multibillion-dollar artificial island that is a crucial element of the Hong Kong-Zhuhai-Macau bridge should be transformed into an information technology centre and a go-to location for medical tourism, the Lantau Development Alliance has proposed.

Less than a week before Hong Kong’s leader Carrie Lam Cheng Yuet-ngor is to deliver her maiden policy address, the alliance said on Thursday it had submitted a proposal to the government on how best to capitalise on the potential offered by the artificial island.

“(The island) has potential to become a centre for technological talent and information,” said a statement from the alliance, which consists of companies such as Hong Kong Disneyland and AsiaWorld-Expo that have business interests in the area.

The alliance was referring to the HK$35.9 billion Hong Kong Boundary Crossing Facilities project, part of the HK$117 billion Hong Kong-Zhuhai-Macau bridge that will connect Hong Kong to the mainland when it is expected to open by the end of this year.

The boundary crossing facilities will be located on an artificial island of about 150 hectares in waters northeast of Hong Kong International Airport. The facilities will provide clearance for goods and passengers.

Under the alliance’s proposal, the island would be able to used for many other purposes.

“Hong Kong’s status as an international free port and protector of intellectual property rights uniquely positions it to evolve into a centre for leading-edge research and product commercialisation for China,” the alliance said.

The proposed IT centre to be set up on the island should be managed by an expert body such as the Hong Kong Science Park, the alliance suggested. This centre would be able to draw both mainland and overseas companies because of its geographical location – next to the airport and connecting the city to the mainland.

But Francis Fong Po-kiu, honorary president of the Information Technology Federation, said what really draws companies to Hong Kong is what business incentives are on offer.

“The key question is, why should they come to Hong Kong? It all comes down to whether the government is willing to offer rental and tax incentives,” he said. “You can have many companies in the same place but it’s not like the company next to you will surely help you.”

The alliance also suggested that the government consider developing medical tourism on the island.
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Old October 8th, 2017, 09:03 PM   #604
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Old October 12th, 2017, 05:42 PM   #605
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Source : http://pic.feeyo.com/posts/654/6548142.html





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