03/01 GBA Briefs

Hengqin railway ready: The railway linking Zhuhai’s Gongbei to Hengqin is ready to open, and it is awaiting approval to do so, said Yang Chuan, the director of Henqin’s Administration Committee. Read more (in Chinese)

CNY in Guangzhou: With daily passenger counts expected to surge around the upcoming Chinese New Year, Guangzhou Metro has said it will extend its operating hours. Read more (in Chinese)

CNY in Shenzhen: Shenzhen expects to see 17.63 million people leaving the city around the Chinese New Year holiday, an increase of 2.3% YoY. Read more (in Chinese)

Guangzhou home sales dip: Despite the announcement of relaxed home-buying policies in the city, Guangzhou’s new home sales plunged 46% to 8,205 units in December 2019, with the area sold contracting 44.9% YoY, according to data compiled by NetEase.com. Read more (in Chinese)

Who needs LV? Louis Vuitton plans to close its store in Hong Kong’s Causeway Bay after its request for lower rent was declined. The world’s most famous luxury brand, flagship of the mighty LVMH group, will shut up shop after seven months of anti-government protests have hammered sales. Read more on SCMP.

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