GBA Briefs: 1/15/2020

Carrie Lam’s welfare ‘breakthrough’: Hong Kong CE Carrie Lam unveiled her plan Tuesday to spend HK$10 billion a year – including public transport fee deduction, increased statutory public holidays and housing subsidies – that would benefit more than a million people in the city, in a “breakthrough” in the government’s thinking. The announcement came days after she met with Luo Huining, Beijing’s new top official in Hong Kong. Read more on SCMP.

ICAC on Yuen Long attack: Hong Kong’s Independent Commision Against Corruption, the city’s graft-buster, pledged to look into the police handling of Yuen Long mob attack last July, although refusing to reveal any details, adding that ongoing civil unrest has added to the organization’s workload. Read more on SCMP.

GBA? No way! More than 70% of Hong Kong’s young people agreed that the city should keep its distance from the mainland, while more than half believed Hong Kong universities should not open to mainland students at all, according to a survey. Read more on SCMP.

Macau economy downbeat: Macau’s economy will contract 3.7% in 2020, ranging from a negative growth of 12% to a positive growth of 4.7%, according to a forecast by The University of Macau on Tuesday, citing “underlying disagreement” between US and China, China’s debt accumulation and possible real estate bubble. Read more on Macau News.

SOE reforms in Zhuhai: Zhuhai’s state-owned conglomerate, Zhuhai Duty Free Enterprises Group, would take over the operation of Chinese home appliance giant Gree’s largest shareholder Haitou in a bid to integrate the businesses of two entities, according to a notice released on Monday citing “SOE reforms” and “leadership adjustment” of the enterprises. Read more (in Chinese)

Gongbei’s passengers break record: Zhuhai’s Gongbei Port reached a new high in its daily passenger volume on Saturday, at 499,000, the highest among China’s cross-border ports. The local authorities attributed the record to increasing convenience in crossing the border and the wave of mainland tourists going shopping in Macau prior to the Chinese New Year. Read more (in Chinese)

Tell us what you think