Northern Metropolis Financial Advisory Taskforce holds its third meeting
The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority. Photo source: reference image
The Northern Metropolis Financial Advisory Taskforce (Taskforce), jointly established by the Hong Kong Monetary Authority (HKMA) and The Hong Kong Association of Banks (HKAB), convened its third meeting today (November 10). Meeting participants included representatives from the HKMA, the HKAB, the Development Bureau, the Education Bureau (EDB), The Financial Services and the Treasury Bureau, the Innovation, Technology and Industry Bureau and 25 participating banks in the Taskforce (see Annex).
Photo source: HKSAR Government Press Releases
At the meeting, the EDB presented the latest development of the Northern Metropolis University Town (NMUT), including the positioning of the three university towns (Note), development of campus areas and related financial arrangements. Meeting participants discussed and offered professional advice on feasible financing solutions for the NMUT Area, such as loans and public-private partnerships. The participating banks in the Taskforce expressed their commitment to provide suitable financial services to support the synergistic development of the NMUT and its surrounding industry parks and projects.
To further strengthen the banking sector's financing support for Northern Metropolis (NM) projects, the HKMA proposes to amend the Banking (Capital) Rules to designate government-related entities, including 11 post-secondary institutions and three park companies, as Domestic Public Sector Entities. This measure will help lower banks' capital costs, assist these entities in obtaining bank financing, and thereby accelerate the implementation of NM projects. The HKMA intends to submit the amendments to the Legislative Council in the first quarter of 2027, with a view to their taking effect in the second quarter of the same year.
The Northern Metropolis University Town. Photo source: reference image
Northern Metropolis Financial Advisory Taskforce
The Northern Metropolis Financial Advisory Taskforce was jointly established by the HKMA and the HKAB in April 2026 to strengthen the banking sector's communication and collaboration with the Hong Kong Special Administrative Region Government and other stakeholders and explore ways to actively support the Northern Metropolis development through financing. The Taskforce comprises representatives from the HKMA, the HKAB and 25 banks that possess experience in large-scale project financing. The Chinese Banking Association of Hong Kong and the Infrastructure Financing and Securitisation Unit of the Hong Kong Mortgage Corporation Limited participate as observers.
Note: San Tin University Town, Hung Shui Kiu University Town and Ta Kwu Ling University Town.
Vietnamese Lune Production's contemporary acrobatic work "Teh Dar" to showcase millennia-old highland culture
Presented by the fourth Asia+ Festival, the contemporary acrobatic work "Teh Dar" will make its Hong Kong debut on November 14 and 15, following a successful European tour. Blending aerial acrobatics with traditional Vietnamese musical instruments, the programme vividly brings Vietnam’s highland culture to the stage. It will be performed by Lune Production, widely hailed as the Vietnamese Cirque du Soleil, marking the troupe's return to Hong Kong after previous critically acclaimed performances.
In the language of the K'Ho region in Vietnam's Central Highlands, "Teh Dar" means "going in circles", evoking the eternal cycle of life. The production's red stage recalls the region's distinctive red soil landscape, as acrobatic performers execute aerial feats. A live ensemble will play traditional instruments including gongs, buffalo horns, T'rung bamboo xylophones and long drums, bringing to life the millennia-old Gong Culture of the Central Highlands, recognised by UNESCO as intangible cultural heritage.
The New York Times has acclaimed "Teh Dar" as "a hypnotic, daring spectacle that fuses Central Highlands lore with world-class circus and contemporary dance".
"Teh Dar" is also one of the programmes of the sixth Guangdong-Hong Kong-Macao Greater Bay Area Culture and Arts Festival. It will be held at 7.30pm on November 14 and 3pm on November 15 at the Tuen Mun Town Hall Auditorium. Tickets priced at $200, $260, $320 and $400 are available at URBTIX (www.urbtix.hk). Please call 3166 1288 for telephone bookings or use the mobile ticketing app URBTIX.
An acrobatic workshop will be held on November 15. Please refer to www.asiaplus.gov.hk/2026/en/teh-dar.
Presented by the Culture, Sports and Tourism Bureau and organised by the Leisure and Cultural Services Department, the Asia+ Festival is held annually from September to November. Themed "Traditions Recast", this year's festival brings together over 30 countries and regions, and presents more than 100 performances and related activities, showcasing the artistic essence of Asia and countries and regions along the Belt and Road. For programme enquiries and ticketing concessions, please call 2370 1044 or visit www.asiaplus.gov.hk.
The contemporary acrobatic work "Teh Dar" will be held on November 14 and 15 at the Tuen Mun Town Hall. Acrobatic performers will execute aerial feats and a live ensemble will play traditional Vietnamese musical instruments, bringing to life the millennia-old Gong Culture of the Central Highlands. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will be held on November 14 and 15 at the Tuen Mun Town Hall. Acrobatic performers will execute aerial feats and a live ensemble will play traditional Vietnamese musical instruments, bringing to life the millennia-old Gong Culture of the Central Highlands. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will be held on November 14 and 15 at the Tuen Mun Town Hall. The production’s red stage recalls the region’s distinctive red soil landscape as acrobatic performers execute aerial feats. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will be held on November 14 and 15 at the Tuen Mun Town Hall. The production’s red stage recalls the region’s distinctive red soil landscape as acrobatic performers execute aerial feats. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will make its Hong Kong debut on November 14 and 15 at the Tuen Mun Town Hall, following a successful European tour. Blending aerial acrobatics with traditional Vietnamese musical instruments, the programme vividly brings Vietnam's highland culture to the stage. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will make its Hong Kong debut on November 14 and 15 at the Tuen Mun Town Hall, following a successful European tour. Blending aerial acrobatics with traditional Vietnamese musical instruments, the programme vividly brings Vietnam's highland culture to the stage. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
The contemporary acrobatic work "Teh Dar" will make its Hong Kong debut on November 14 and 15 at the Tuen Mun Town Hall, following a successful European tour. Blending aerial acrobatics with traditional Vietnamese musical instruments, the programme vividly brings Vietnam's highland culture to the stage. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
Presented by the fourth Asia+ Festival, the contemporary acrobatic work "Teh Dar" will be held on November 14 and 15. The programme will be performed by Lune Production, widely hailed as the Vietnamese Cirque du Soleil, marking the troupe's return to Hong Kong after previous critically acclaimed performances. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
Presented by the fourth Asia+ Festival, the contemporary acrobatic work "Teh Dar" will be held on November 14 and 15. The programme will be performed by Lune Production, widely hailed as the Vietnamese Cirque du Soleil, marking the troupe's return to Hong Kong after previous critically acclaimed performances. (Source of photo: Lune Production) Source: HKSAR Government Press Releases
