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River project vitalises urban habitat

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River project vitalises urban habitat

2025-01-26 12:38 Last Updated At:12:39

Spanned by footbridges and shaded by greenery, the open nullah at King Yip Street in Kwun Tong has undergone a remarkable transformation. Now known as Tsui Ping River, the revitalised waterway brings the Government’s “River in the City” concept to life.

Water-friendly culture: A floating pontoon that rises and falls with the tides connects both banks of the Tsui Ping River, offering a unique walking route for residents and visitors. Source from news.gov.hk

Water-friendly culture: A floating pontoon that rises and falls with the tides connects both banks of the Tsui Ping River, offering a unique walking route for residents and visitors. Source from news.gov.hk

New life

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Water-friendly culture: A floating pontoon that rises and falls with the tides connects both banks of the Tsui Ping River, offering a unique walking route for residents and visitors. Source from news.gov.hk

Water-friendly culture: A floating pontoon that rises and falls with the tides connects both banks of the Tsui Ping River, offering a unique walking route for residents and visitors. Source from news.gov.hk

Precise control: Drainage Services Department Senior Engineer (Drainage Projects) Antony Wan says the river’s smart water gate acts to regulate and stabilise water levels, and to minimise unpleasant odours. Source from news.gov.hk

Precise control: Drainage Services Department Senior Engineer (Drainage Projects) Antony Wan says the river’s smart water gate acts to regulate and stabilise water levels, and to minimise unpleasant odours. Source from news.gov.hk

Vibrant district: Energizing Kowloon East Office Senior Works Consolidation Manager Cheng Wai-ho says the former nullah’s revitalisation forms part of a major transformation of Kowloon East. Source from news.gov.hk

Vibrant district: Energizing Kowloon East Office Senior Works Consolidation Manager Cheng Wai-ho says the former nullah’s revitalisation forms part of a major transformation of Kowloon East. Source from news.gov.hk

Green corridor: More than 50 Chinese banyan trees now line the riverbanks, helping to breathe new life into the former nullah. Source from news.gov.hk

Green corridor: More than 50 Chinese banyan trees now line the riverbanks, helping to breathe new life into the former nullah. Source from news.gov.hk

In implementing the project, the Drainage Services Department worked hard to enhance both the ecology and landscaping of the river. More than 50 Chinese banyan trees now line the riverbanks, forming a precious green corridor.

Bird perches, rock pools, and aquatic plants were introduced, while parts of the concrete riverbed were replaced with natural materials to make the habitat more welcoming of biodiversity. These improvements breathe new life into the former nullah.

Precise control

In order to lower the risk of flooding, meanwhile, part of the riverbed was also deepened, and a smart water gate was installed to manage water levels effectively.

Drainage Services Department Senior Engineer (Drainage Projects) Antony Wan explained: “Tsui Ping River is operated by a precise control system which is linked to the weather forecast system of the Hong Kong Observatory. It collects river water or tidal level data through the water level monitoring devices installed in the river. Through data analysis, the system controls the operation of the Tsui Ping River according to real-time conditions.

“The smart water gate installed at the downstream of Tsui Ping River can adjust its rise and fall according to the tidal flow to regulate the water level and stabilise the water body. When the river water flows downstream, a waterfall effect will be created to ensure drainage capacity and enhance the waterscape.”

Precise control: Drainage Services Department Senior Engineer (Drainage Projects) Antony Wan says the river’s smart water gate acts to regulate and stabilise water levels, and to minimise unpleasant odours. Source from news.gov.hk

Precise control: Drainage Services Department Senior Engineer (Drainage Projects) Antony Wan says the river’s smart water gate acts to regulate and stabilise water levels, and to minimise unpleasant odours. Source from news.gov.hk

Mr Wan added that during inclement weather, or when there is a high water level at the upstream, the smart water gate will be lowered to the riverbed level to maintain the normal drainage capability of the river.

The smart water gate not only regulates tidal flow but also minimises unpleasant odours caused by the river drying up. In addition, dry-weather flow interceptors were installed on Shui Wo Street, King Yip Street and Wai Fat Road to intercept polluted dry flow from storm drains and divert it to the sewerage system, thereby reducing the flow of pollutants entering the Tsui Ping River.

Cultural change

In recent years, the Government has been keen to promote a water-friendly culture, which includes turning rivers into spaces that attract people. On the Tsui Ping River, a floating pontoon has been installed. Connecting to both banks, it rises and falls with the tides, offering a unique walking route for residents and visitors.

The department’s mascot, “Drainy”, appears in 75 different illustrations along the river, inviting people to record their walks with a selfie or two. Meanwhile, a total of six cross-river walkways, including one that connects Cha Kwo Ling and the Kwun Tong Promenade, enhance the waterway’s accessibility for nearby residents.

Vibrant district: Energizing Kowloon East Office Senior Works Consolidation Manager Cheng Wai-ho says the former nullah’s revitalisation forms part of a major transformation of Kowloon East. Source from news.gov.hk

Vibrant district: Energizing Kowloon East Office Senior Works Consolidation Manager Cheng Wai-ho says the former nullah’s revitalisation forms part of a major transformation of Kowloon East. Source from news.gov.hk

Vibrant district

The Government is dedicated to turning Kowloon East into a Green Core Business District.

Energizing Kowloon East Office Senior Works Consolidation Manager Cheng Wai-ho outlined that in implementing the Tsui Ping River project, the authorities aimed to transform the former nullah into a green and vibrant urban artery and create an open public space centred on the river.

“Driven by the Energizing Kowloon East initiative, Kowloon East has been transformed into a unique, attractive and vibrant central business district,” he said. “At present, Kowloon East has the highest density of green buildings in Hong Kong. We hope that Tsui Ping River will become a new landmark of Kwun Tong, attracting more multinational companies, financial institutions and startups to Kowloon East.”

Besides attracting businesses, the district continues to expand its recreational spaces. The Government’s aim is to develop Kowloon East into a vibrant central business district that supports a harmonious work-life balance for inhabitants.

Green corridor: More than 50 Chinese banyan trees now line the riverbanks, helping to breathe new life into the former nullah. Source from news.gov.hk

Green corridor: More than 50 Chinese banyan trees now line the riverbanks, helping to breathe new life into the former nullah. Source from news.gov.hk

SEOUL, South Korea--(BUSINESS WIRE)--May 8, 2026--

AIF Global ( www.aifglobal.org ) is pleased to announce that Dr. Samyoung (Sam Y.) Chung, Head of AIF APAC, the Asia-Pacific division of AIF Global, has been appointed as a Member of the Steering Committee for Korea Investment Corporation (KIC). The Steering Committee is composed of six private-sector members and three ex officio members.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260508443313/en/

The ex officio members include the Minister of Economy and Finance, the Governor of the Bank of Korea, and the CEO of KIC—representing institutions that have entrusted assets to KIC exceeding a threshold defined by Presidential Decree. Private-sector members are appointed by the President of the Republic of Korea upon the recommendation of the Private Member Nomination Committee.

This appointment marks a special commitment, as Dr. Chung becomes one of the few leaders to have served on the investment committees of South Korea’s three largest public funds: the National Pension Service (NPS), Korea Post, and now KIC.

“I am deeply honored by this appointment and the opportunity to serve KIC,” said Dr. Chung. “Having worked with the leadership at NPS and Korea Post, I recognize the immense responsibility of stewarding Korea’s national wealth. In my role as Head of AIF APAC, I hope to leverage this unique perspective to bring more collaborative opportunities among global large asset owners, fostering a stronger international investment ecosystem.”

The appointment follows AIF APAC’s successful Annual Investors Meeting in Seoul (April 7–8) and its Japanese Investing Symposium in Tokyo (April 10). Both events, organized and led by Dr. Chung, brought together senior executives from the world’s most influential asset owners, including the Government Pension Investment Fund (GPIF) of Japan and the National Pension Service (NPS) of Korea.

“AIF’s mission has always been to help the owners of the world’s largest pools of capital meet their investment objectives,” said AIF Founder and CEO Brant Maller. “Each year, the AIF APAC investor list grows longer and more impressive, and the participation more robust, which is a testament to Professor Chung’s status as a respected finance academic, outstanding reputation in the community, and experience and leadership on the investment advisory boards of NPS, Korea Post, and now KIC.”

Maller added, “The Korean investment community is dynamic and rapidly expanding. AIF is proud to be collaborating with its thought leaders as its influence grows in the global economic community.”

Dr. Chung joins the committee as KIC continues its trajectory as a globally leading sovereign wealth fund. By the end of 2025, KIC’s total assets under management (AUM) reached USD 232.0 billion. Adhering to a principle of diversification, the fund manages a portfolio consisting of 78.1% traditional assets and 21.9% alternative assets, including private equity, real estate, infrastructure, hedge funds, and private debt.

Dr. Chung has served as a member of the Special Committee on Investment Policy at NPS and the Insurance Division Investment Committee at Korea-Post. Academically, Dr. Chung had also served as a Finance Professor at Yonsei University and Long Island University. He received his M.S. and Ph.D. in Finance from Boston College and the University of Massachusetts-Amherst.

About AIF Global and the AIF Institute

AIF Global is an independent economic think tank with the mission of fostering the exchange of best ideas, practices, and information among the world’s largest asset owners to help them achieve their investment objectives. Since its inception, the AIF Institute has been a leader in providing customized education to institutional investors globally. https://aifglobal.org

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Dr. Samyoung (Sam Y.) Chung, AIF Head of APAC

Dr. Samyoung (Sam Y.) Chung, AIF Head of APAC

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