Chief executive aims to speed up key infrastructure projects and entice more high value-added industries and enterprises to the city
Hong Kong’s leader has delivered a comprehensive policy blueprint pushing for further economic reforms by expediting key infrastructure projects and doubling down on the city’s competitive strengths, while also improving livelihoods, notably charting more paths to home ownership.
In a wide-ranging speech that left no stone unturned, Chief Executive John Lee Ka-chiu vowed to entice more high value-added industries and enterprises to the city by offering preferential policy packages. For the first time, he also floated the idea of settling government expenditure in renminbi.
He cited the improvement of people’s livelihoods as the “ultimate objective” in his more accountable governance, promised to develop artificial intelligence as a core industry, and undertook to personally lead the fast-tracked development of the Northern Metropolis.
And signalling responsiveness in light of a recent scandal, he announced a new no-nonsense accountability mechanism for senior civil servants.
