16/12 GBA Briefs

Guangzhou Airport hits 70 million: Guangzhou Baiyun Airport broke the 70 million passenger mark on Saturday, a step toward its goal of hitting 100 million yearly passengers by 2025. Read more in Chinese. 

GBA financial services: China Construction Bank will provide 3 trillion yuan in financing for the financial services sector, focusing on backing the hi-tech industries such as smart vehicles, robotics, biotechnology and IoT, according to a plan released last Friday by the state-owned commercial bank. Read more in Chinese. 

CAS in Huizhou: Scientists of an institute of the Chinese Academy of Sciences are working on two particle colliders, designed to accelerate electrons at a speed close to the light, in their Huizhou campus, in a bid to advance the cutting-edge research on the fundamental building blocks of the universe. Read more on SCMP.

Man arrested on HZMB: A Hong Kong man was reportedly arrested at a temporary security checkpoint set up by Zhuhai police on the Hong Kong-Zhuhai-Macau Bridge when he was taking a coach from Zhuhai to Macau last Friday afternoon, amid intensified security ahead of Xi’s Macau visit on Wednesday in celebration of the 20th anniversary of the SAR’s handover to China. Read more on SCMP.

Hong Kong property market slows further: Ongoing protests casted a further shadow on Hong Kong’s property market with transactions of parking lots plunged by 39% YoY to 5,618 parking bays changed hands from January to November, on the way to the lowest level in ten years, according to official data. Read more on SCMP.

Hong Kong tourism sluggish: Sun Hung Kai Properties, one of Hong Kong’s biggest developers, saw its revenue from hotels business slumped by up to 50% YoY in the last two months, with a number of pre-booked package tours cancelled, said the company’s executive director last Friday, adding that their team is “under a lot of pressure”. Read more on SCMP.

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