Ning Hanhao: The Hongshuiqiao Industrial Park Company is worth investing in, but the government will be cautious in providing further funding.

Nicholas Yang, Chief Executive of the Hong Kong Development Bureau, stated that accelerating the development of the Northern Metropolis in Hong Kong and making special arrangements for discussing cross-border flows of people, goods, data, and funds in the Northern Metropolis are of significant importance. The government's injection of HK$10 billion into the Hongshuiqiao Industrial Park Company is a worthwhile investment. She also mentioned that there are clear expectations for the industrial park company, but the government will not easily inject funds again. The Hongshuiqiao Industrial Park Company is expected to start operations in the middle of this year and will be responsible for developing and operating 23 hectares of industrial land. The government will seek funding from the Legislative Council to provide an initial capital of HK$10 billion. Nicholas Yang emphasized that the initial capital will only be used for the development of the first 8 hectares of land, while the remaining 15 hectares will be funded by the company through finding partners, issuing bonds, or using land assets. The government requires the company to be financially self-sufficient and expects it to bring in nearly HK$4 billion in economic benefits annually after several years, increasing to HK$11 billion per year later on. She pointed out that there are clear expectations for the industrial park company and the government will not easily inject funds again, but will also not turn a blind eye, paying attention to the economic environment and development needs to promote the company's growth and strength. Nicholas Yang revealed that the Board of Directors of the Hongshuiqiao Industrial Park Company has 5 members from government bureaus, responsible for setting performance indicators. The company must submit reports annually and be monitored by the Legislative Council, but operates on a market basis without being subject to the Audit Commission's quantity surveyor supervision, to maintain necessary flexibility. In addition, the Development Bureau also plans to entrust the market to build and operate the yacht facilities in the expansion of Aberdeen Typhoon Shelter in a "district" manner to promote yacht tourism. The project includes the construction of 250 residential units to increase investment returns and attractiveness. Nicholas Yang stated that the land lease will clearly stipulate the requirements for yacht facilities and onshore amenities, and if the operating consortium fails to deliver the facilities, they will not be allowed to sell units easily, ensuring that the entire district development is completed synchronously.