GBA Briefs: 27/11/2019

Macau youth in Hengqin: The Macau government says more than 250 of its young entrepreneurs have set up businesses in the Greater Bay Area so far this year, most of which were established in the Hengqin special economic zone. Read more (in Chinese)

Shenzhen-Shantou Highway: With some 30 billion yuan invested, the western part of the highway linking Shenzhen and Shantou will be expanded from four lanes to eight, allowing for the maximum speed to be raised from 100km/h to 120km/h. Read more (in Chinese).
Home-lending suspended: The Shenzhen branches of two state-owned commercial banks, China Construction Bank and Bank of China, have halted mortgage lending since November 18, citing shortage of household credit quotas granted by the central government. The move came a month after the Shenzhen-headquartered commercial bank Ping An stopped issuing mortgage loans in the city. Read more on Caixin.
Huawei new tablet: Huawei has launched a new tablet, the MatePad Pro, powered by the homegrown processor Kirin 990, in a bid to reduce its dependence on US technology, though last week the telecom giant was allowed to resume some component sales with US suppliers. Read more on Caixin.

Tell us what you think