Analysts are stressing that Hong Kong’s success with its ambitious Northern Metropolis project—a massive development near the mainland border—hinges on reassuring investors. The project, touted as a key test of the city’s governance by Beijing, has been back in the spotlight after a high-profile visit from a top Chinese official and some behind-the-scenes maneuvering by major developers. The big takeaway? Clarity and confidence are non-negotiable if Hong Kong wants this to work.

Editor’s Note: This isn’t just about building a shiny new tech hub—it’s a high-stakes credibility check for Hong Kong’s leadership. If investors get cold feet over unclear plans or political jitters, the whole project could stumble. Given Beijing’s close watch, how this plays out could signal whether Hong Kong can still deliver on big, complex ambitions post-protests and pandemic.