Hong Kong’s Land Leases & Asia’s Prosperity and Stability
2024-07-17
Images: Jean Beaufort, Travel Poster;
Yinan Chen, Hong Kong City Buildings (Publicdomainpictures.net)
In early July, a new Hong Kong law extended nearly 400 land leases in the formerly British-governed city for another 50 years, making the leases go beyond June 30, 2047—the critical date marking the potential expiry of the Beijing-approved governance system operating in the city since its handover to China in 1997. More leases are expected to be extended in the same manner. If the extension of these leases—which has broad implications—is handled well, Beijing will be able to significantly contribute to the prosperity and stability of not only Hong Kong, but also Asia.Read more
