Chief Executive John Lee announced on Wednesday a partial rolling back of the “spicy” property cooling measures, including cutting buyers’ stamp duties on new homes by half, with immediate effect.
Hong Kong leader John Lee announced his second Policy Address on Wednesday. During his 202-minute presentation, the Chief Executive covered a wide array of topics ranging from national security, to housing, transport, population, education, and economy. Lee cited President Xi Jinping at least three times, including Xi’s visit to Hong Kong last year and his letter replying to the Pui Kiu Middle School student in July this year. China’s key initiatives such as...