Hong Kong Unveils Economic Blueprint with Focus on Housing and Tax Reforms

Chief Executive John Lee's policy address introduces measures to boost the economy, improve housing affordability, and rejuvenate the nightlife industry.

John Lee's policy address outlines plans to ease mortgage rules and cut liquor taxes to stimulate economic growth and revitalize Hong Kong’s nightlife sector.
Measures include enhancing housing affordability for citizens under 40, with increased access to subsidized flats and a new system for converting subdivided flats.
The government plans to bolster Hong Kong’s status as a global financial hub by attracting international talent and capital, alongside boosting maritime and trade sectors.
Critics argue that efforts to address subdivided housing fall short, with calls for clearer implementation details and more comprehensive solutions.
Amid concerns about economic competitiveness, the policy includes initiatives to attract wealthy immigrants and expand the investor migration program.