Overview

• John Lee began delivering his fourth policy address on Wednesday in Hong Kong.
• He reaffirmed an economic growth forecast of 2% to 3% for 2025.
• He said authorities would reinforce Hong Kong’s role as an international center and as a platform for mainland Chinese firms to expand abroad.
• He described his ultimate objective as improving livelihoods, citing better housing, higher incomes, stronger elder care and more opportunities for young people.
• He pledged to accelerate the Northern Metropolis project, targeting housing for about 2.5 million people and a new business district near the mainland border.