Hong Kong's Ambitious Strategy: Aiming for Prosperity and Global Integration
Hong Kong leader John Lee, in his policy address, outlined plans to revive the economy, improve living standards, and solidify its status as a global center. Key initiatives include developing a gold trading market, expanding the financial sector, advancing the aviation industry, and integrating more deeply with mainland China.
In his fourth policy address, John Lee, the leader of Hong Kong, announced a comprehensive plan to rejuvenate the region's economy and improve citizens' quality of life. Central to this strategy is the proposal to establish a gold trading market, along with advancing developments in fintech, green finance, and the aviation sector.
Facing economic challenges from mainland China's slowdown and trade issues with the U.S., Lee emphasized enhancing public welfare through better housing, higher incomes, and increased opportunities for youth. Initiatives also aim to strengthen Hong Kong's position as a gateway for Chinese enterprises venturing overseas.
The address highlighted a major residential and commercial expansion project known as the Northern Metropolis, intended to house millions and bolster innovation. Further, he advocated for increasing educational capacity for international students, promoting greater regional integration, and attracting pharmaceutical research investment.
(With inputs from agencies.)
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