Chief executive John Lee’s maiden speech

Chief executive John Lee's maiden speech

Hong Kong Main Government John Lee speaking at a press conference before his Government Council Conference on Oct 18, 2022 in Hong Kong, China. John Lee will release his very first policy tackle as Main Govt. (Picture by Vernon Yuen/NurPhoto via Getty Images)

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Hong Kong Main Executive John Lee on Wednesday introduced initiatives to catch the attention of talent and expense to the city.

In his initial coverage deal with because he took workplace in July, Lee stated the federal government would established aside billions to attract businesses to the town, and start a so-termed prime talent move scheme to “entice talents to pursue their professions in Hong Kong.”

Those people who come to be long term people can apply for a refund of excess stamp responsibility compensated on houses in the town, he said.

Hong Kong has dropped countless numbers of residents since the pandemic begun, worsening a “mind drain” from the international money hub.

The Hold Seng index in Hong Kong innovative slightly in early trade before supplying up those people gains. Forward of the speech, it was down far more than .8%. It fell far more than 1% in the course of the speech.

Lee, a Beijing loyalist, was the only prospect in the election in May well to change his predecessor Carrie Lam. Close to 1,500 members of a mostly pro-Beijing election committee voted, and Lee received 1,416 votes to turn into Hong Kong’s leading leader.

Hong Kong was a British colony just before it was handed to China in 1997 to be ruled under a “a single region, two methods” framework. Hong Kong was promised autonomy for 50 years and has freedoms that other Chinese towns do not have, including restricted election rights.

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