John Lee's Vision: A New Dawn for Hong Kong's Economy
Shaping Hong Kong's future, John Lee's policy address highlighted economic growth, AI development, and carbon neutrality. Key projects include Northern Metropolis, global enterprise attraction, and regional trade enhancement. Legislation aims to boost Hong Kong's stature as a financial hub, while upholding national security through strategic legal enhancements.
In his fourth annual policy address, Hong Kong leader John Lee outlined ambitious plans to revitalize the city's economy and improve living standards. Acknowledging the recent economic turnaround, Lee projected growth rates of 2% to 3% this year, with expectations of improvement to 2.5% by 2024.
Among key initiatives, the accelerated development of the Northern Metropolis near the China border was emphasized to boost economic activity. Lee also introduced policies aimed at attracting international and mainland businesses, highlighting a focus on AI safety and new energy initiatives, including electric vehicle battery recycling by 2026.
In the realm of finance, Lee proposed tax incentives adhering to international standards, enhancements to listing requirements, and steps to position Hong Kong as a gold trading hub by expanding gold storage capacity. National security remains a priority, with commitments to enhance legal frameworks to protect sovereignty and development interests.
(With inputs from agencies.)
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