Policy Address

Preparations are underway for a third InnoHK research cluster.

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

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

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.

The assets must be valued at over $50m.

The previous rate was 100%.

Owners must convert substandard SDUs to basic housing units.

Secretary for Commerce and Economic Development Edward Yau laid out plans for the sector under the latest Policy Address.