Building Services Division Hong Kong Institution of Engineers

Hong Kong Development Hong Kong Development. There is a lot of new development in Hong Kong and they are moving away from models used for towns such as Sha Tin and Tin Shui Wai and focus on quality when they develop new towns or buildings. They want to develop smaller but areas that are of better quality than before and less people. Towns in the past have half a million people living in them and Hong Kong wants smaller communities built in the future plans. The population of Hong Kong has subsided some and the Secretary for Development, Carrie Lam Cheng Yuet-ngor said the government would focus on quality when they build future new towns. The government’s phase one plans for development include Sha Tin, Tuen Mun, Tseun Wan, and Tin Shui Wai, and they are going to help the increasing population and housing problems in the area. Phase II and Phase III include areas such as Tai Po, Fan Ling -Sheung Shui, Yuen Long, and Tseung Kwan O. These areas are all located in the new territories. A lot of the New Territories still remains rural and the idea of modernizing this area was not discussed until the late 1970's. There had to be new developing to compensate for the over populated Hong Kong Islands and Kowloon. The government restricts some of this New Territory to be designated as parkland. The stock price of Alibaba.com nearly tripled from its offer price on the first trading day . The rebound of the Hang Seng Index yesterday followed the plunge it took on Monday of 1,500 points. Small caps stocks are said to be getting more respect, according to one expert. Not only the stock market rose but other development plans are in store for Hong Kong. Investment banks in Hong Kong are said to be bullish in the real estate market and predict that there will be sharp rises as early as next year. It is also said that Ping An has plans to expand rural co-ops. Ping An Insurance is the mainland of Hong Kong’s second largest life insurance company. The company plans to expand into the rural areas of China by purchasing stakes in the rural cooperatives. The State owned Assets Supervision and Administration Commission said they will require all state owned enterprises to submit an annual investment and capital plan from next year. Premier Wen Jaibao has fears that there will be delays for the mainland’s individual scheme but in spite of this, the Hong Kong Exchanges and Clearing chairman, Ronald Arculli, claim the local bourse will sign an agreement soon with the Chinese regulators. This agreement is to help push the program along. The program is going to be focused on education eh Chinese investors about the global market risk. Storage Buildings Articles Engineering Newsgroups Usenet Usenet Newsgroups Newsgroups Server Colocation Music Lyrics