The HK government had earlier signed letters of intent with 85 companies for the development of the Northern Metropolis. Jonathan Choi, Chairman of Chinese General Chamber of Commerce (CGCC), said in a newspaper interview that the government's approach can help build confidence and atmosphere.

As to the specific projects to be invested in, as well as the amount of investment, it will hinge on the planning and design, as well as the need for funding, said Choi, describing the investment needs calculation.

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The HK government has not told developers what to do, but only created the conditions for enterprises to believe that there are business opportunities in the relevant development, and that the results may be better with the government's support, Choi revealed.

In his view, whether the calculations are right depends on the short-term or long-term plans. Even if the current figures may not be satisfactory, if Hong Kong is considered to be stable in the long term, the return may double many times in 5-10 years. People have to have confidence in Hong Kong, he said.