Five Guangdong-registered yachts will sail into Hong Kong waters on Friday when the Southbound Yacht Travel Scheme launches, the city’s marine chief has said, adding that officers will step up patrols. A ceremony marking the scheme’s maiden voyages will also take place. The launch is a key step in the government’s plan to develop Hong Kong’s yacht economy, as outlined in the city’s first five-year plan and the latest policy address. Under the scheme, mainland Chinese vessels can register through...