Hong Kong’s Chief Executive, John Lee Ka-chiu, unveiled a comprehensive economic reform plan on Wednesday, focusing on revitalizing traditional sectors like finance, trade, and shipping, and fostering growth in new technology industries. The blueprint also includes initiatives to attract foreign talent and investment.
Key highlights of the address include measures to support the luxury property market by relaxing loan-to-value ratios and introducing reforms to address the issue of subdivided flats and inadequate living conditions.
Lee emphasized the government’s commitment to continuous reform and progress, acknowledging the challenges but striving for positive change. The address, titled “Reform for Enhancing Development and Building our Future Together,” sets the tone for Hong Kong’s future growth and development.