HK expertise could come in handy

Hong Kong is eminently placed to contribute to, as well as benefit from, the grand plan to create a new economic zone in Hebei province, but efforts in that direction should go beyond stock market speculation, analysts said on Wednesday.

The weekend announcement of the Xiongan New Area, to be located roughly 100 kilometers southwest of Beijing, is expected to emulate South China's Shenzhen Special Economic Zone and Shanghai's Pudong New Area.

Stock markets in the Chinese mainland and Hong Kong may continue to benefit from the spillover effects. Already, shares of companies in sectors like infrastructure and construction have been rising in anticipation of huge projects in the new area.