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City leader John Lee’s 2023 policy address

News

Hong Kong

Politics

Kahon Chan

Willa Wu

Hong Kong policy address 2023: what will John Lee propose to bring bounce back to the economy? City needs to shake off sense of pessimism, analysts say

Illustration: Lau Ka-kuen

Hong Kong leader John Lee is set to deliver his second policy address since taking office. Photo: Elson Li

Hong Kong is seeking to shake off a sense of pessimism brought on by social unrest in 2019 followed by three years of the pandemic. Photo: Yik Yeung-man

Think tank consultant Lau Siu-kai says economic challenges will continue to plague the city. Photo: Xiaomei Chen

Hong Kong’s exports and imports marked a year-on-year decline in August. Photo: Dickson Lee

Attracting tourists back to the city after three years of pandemic-related measures is one of the priorities of the government. Photo: Sam Tsang

Hong Kong home prices have been on a downward trend since 2021, according to a market survey. Photo: Jelly Tse

Hong Kong’s housing shortage cannot be solved overnight, observers have conceded. Photo: May Tse

Masked protesters battle police at the height of the anti-government unrest in 2019 that tore up the social fabric of the city. Photo: K. Y. Cheng

Protesters in 2019 swarm Lung Wo Road outside government headquarters in Admiralty. Photo: Felix Wong

The national security law imposed on Hong Kong in 2020 drastically altered the political landscape. Photo: Felix Wong

Centrist legislator Tik Chi-yuen says Hongkongers are not keen on having children because of a sense of disillusionment with society and the government. Photo: Yik Yeung-man

Edith Lin

Hong Kong policy address 2023: property market may roar again if stamp duty eases, but will first-time buyers and some locals be squeezed out?

Illustration: Henry Wong

Property investor Joseph Ng has bought and sold 200 flats over the years and is holding on to fewer than 20. Photo: Jonathan Wong

Finance chief Paul Chan has hinted that the city may ease its property cooling measures. Photo: Martin Chan

The city has introduced a range of property cooling measures in stages since 2010 to discourage speculators. Photo: May Tse

Stamp duties related to the cooling measures have fallen from HK$22 billion in 2018-19 to HK$9 billion in 2020-21. Photo: Xiaomei Chen

Allowing property prices to slump further could lead to a crisis, Victor Zheng says. Photo: Dickson Lee

Salina Li

Cheryl Arcibal

Hong Kong policy address 2023: will rolling back stamp duties lift Hong Kong’s housing market out of the doldrums?

Illustration by Henry Wong

Hong Kong’s residential property prices have fallen this year. Photo: Bloomberg

HKMA CEO Eddie Yue said monetary policies will be adjusted according to prevailing market conditions. Photo: Nathan Tsui

Residential property advertisements are displayed at a property agency in Hong Kong. Photo: Bloomberg

Chief Executive John Lee will deliver his second policy address on October 25. This series examines the most pressing challenges his administration faces and the solutions that residents and business leaders expect.  


John Lee policy address 2023

Hong Kong politics

John Lee

Series