The Government is inviting proposals for the transformation of the former Police Married Quarters site on Hollywood Road into a creative industries landmark. Submission deadline is June 18.

The Science Park has proven to be adept at not only bringing complementary businesses and facilities together, but also in incubating and nurturing innovators and entrepreneurs, Commissioner for Innovation & Technology Janet Wong says.

The approved Mid-levels West outline zoning plan has included building height restrictions for better planning control of future developments and redevelopments, to prevent excessively tall or out-of-context buildings and to preserve the existing views of the ridgeline and Victoria Harbour, the Town Planning Board says.

The Monetary Authority has issued a guideline on a sound remuneration system, focusing on the governance and control arrangements for, and operation of, authorised institutions' remuneration systems in the context of the incentives for risk-taking they may create.