Hong Kong urged to adopt Hefei model for Northern Metropolis development
An opinion article from the South China Morning Post suggests that Hong Kong should implement the 'Hefei model' for its Northern Metropolis megaproject. The writer emphasizes that a significant reform of the current legal structure and development approach is essential to expedite the project. In contrast to Shenzhen, which prospered by adopting market liberalization, Hong Kong's unique economic zone might require a more active government involvement in formulating industrial strategies and steering long-term growth. The article underscores the necessity for a revised strategy to propel the Northern Metropolis initiative.
Key facts
- Hong Kong should adopt the 'Hefei model' in the Northern Metropolis
- The Northern Metropolis megaproject requires a fundamental overhaul of the existing legal framework and development model
- Shenzhen thrived by liberalising and embracing market forces
- Hong Kong's special economic zone may demand a stronger role for the government in shaping industrial strategy
- The government should guide long-term development
- The opinion piece was published in the South China Morning Post
Entities
Institutions
- South China Morning Post
Locations
- Hong Kong
- Northern Metropolis
- Shenzhen
- Hefei