Hong Kong

The government adjusted the maximum mortgage LTV ratio for residential properties to 70%.

The measure, however, will have an "immediate" impact on luxury residential sales.

It will also engage with Shenzhen to collaborate on clinical trials.

The university attributes this feat to its international research partnerships.

The validity period of multiple-entry visas for foreigners will increase to five years.

Plans include upgrading the Central Moneymarkets Unit.

One key area is to strengthen primary healthcare and improve public services.

This is to cover a shortfall of around 180,000 workers over the next five years.

The Insurance Authority will initiate a review next year. 

It will assist in formulating policies and strategies for Hong Kong's maritime industry.

It is seen to play a crucial role in supporting national security.   Chief Executive John Lee reaffirmed his administration's dedication to the “one country, two systems” principle during his 2024 Policy Address.

These initiatives will leverage AI and blockchain technology.

A working group will be formed to establish an international gold trading centre.

HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.

Over 150,000 housing units are expected to be built there over the next decade.

The assets must be valued at over $50m.