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17 - New World Development Co News Story

HK$10.7 0.1  1.1%

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Sector
Financials
Size
Large Cap
Market Cap £10.57bn
Enterprise Value £22.65bn
Revenue £7.61bn
Position in Universe 117th / 5926

BREAKINGVIEWS-Hong Kong's best hope: billionaires' self-interest

Wed 16th October, 2019 8:28am
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, Oct 16 (Reuters Breakingviews) - Chief Executive Carrie Lam promised to tackle the severe inequality that has fuelled unrest. Instead, she offered a mish-mash of underwhelming measures. Her political capital shredded, the city’s powerful tycoons could do worse than step in to take matters into their own hands. Full view will be published shortly. On Twitter https://twitter.com/mak_robyn CONTEXT NEWS - Hong Kong Chief Executive Carrie Lam on Oct. 16 was forced to abandon her annual policy address after some lawmakers jeered as she began speaking, causing an unprecedented cancellation of the speech in the legislature of the Chinese-ruled city. The Beijing-backed leader later gave her speech over a video feed. - Measures unveiled included plans to take back 700 hectares of private land owned by property developers for public use under what is known as the land resumption ordinance. No further details were given as to how the process would work and which developers would be involved. - For previous columns by the author, Reuters customers can click on MAK/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Hong Kong leader aims to ease the housing crunch inflaming protests urn:newsml:reuters.com:*:nL3N2710ZB Hong Kong Chief Executive's 2019 Policy Address https://www.policyaddress.gov.hk/2019/eng/policy.html BREAKINGVIEWS - Hong Kong’s miseries enter self-perpetuating cycle urn:newsml:reuters.com:*:nL3N26O0HK BREAKINGVIEWS - Unrest is recurring cost of Hong Kong’s stinginess urn:newsml:reuters.com:*:nL4N25C0DO BREAKINGVIEWS - Hong Kong’s politics could knock down developers urn:newsml:reuters.com:*:nL3N26I09L ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by John Foley and Katrina Hamlin) ((robyn.mak@thomsonreuters.com; Reuters Messaging: robyn.mak.thomsonreuters.com@reuters.net))
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