Hong Kong cuts liquor duty, eases mortgage rules for economic spark

John Lee policy speech stresses 'shining' prospects despite retail and property woes

Hong Kong Chief Executive John Lee is seen on a screen as he delivers his annual policy address at the Legislative Council on Oct. 16. © Reuters

STELLA YIFAN XIE and PEGGY YE, Nikkei staff writers

October 16, 2024 16:48 JST

HONG KONG -- Hong Kong's leader on Wednesday outlined a raft of policies to revitalize the city's economy, as rising geopolitical tensions with the West, lingering chills from the COVID-19 years and strict security legislation all weigh on the global financial hub.