Beijing is worried that Hong Kong developers’ tepid response to local megaprojects may further erode investor confidence and this was why a top central government official took on the task of cajoling the private sector on behalf of city authorities, political analysts have said.
Economic and property specialists said the central government’s “explicit” call to the local private sector was a rare approach as they expressed scepticism over whether developers would heed the advice and risk potential financial losses.
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