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18-01-2017
2017 Policy Address HKSAR

The Chief Executive, Mr C Y Leung, delivered his annual Policy Address today. 

Full details can be found on the Policy Address website: 
http://www.policyaddress.gov.hk/2017/eng/index.html 

Highlights 
http://www.policyaddress.gov.hk/2017/eng/highlights.html 

Areas of interest to the business community include: 

- Explore further expansion and enhancement of CEPA 
- Invite TDC to help strengthen promotion of financial services sector 
- Strengthen HK's role as an RMB hub riding on Belt and Road Initiative 
- Support professional services to access Belt and Road markets 
- Start preparations to establish five new HK Economic and Trade Offices in India, Mexico, Russia, South Africa and UAE; and, open four more liaison offices in the Mainland in Tianjin, Zhejiang, Guangxi and Shaanxi (taking total to 11). 
- Plan to build Data Technology Hub and Advanced Manufacturing Centre in Tseung Kwan O 
- Set aside $500m for first phase of Harbourfront development 
- Earmark $500m for energy saving projects in over 200 Government buildings 
- Progressively abolish the MPF offsetting mechanism 
- Finance construction of Chinese Medicine Hospital in Tseung Kwan O 
- Propose comprehensive development of Wan Chai Sports Ground for convention, exhibition, recreation, sport and community facilities   

On housing and land matters, the Chief Executive projected: 

- 94,000 first-hand residential properties in next 3-4 years 
- 94,500 public housing and and subsided housing units in next 5 years 
- Over 8.6 million square metres of industrial and commercial floor area and 220,000 residential units in New Development Areas and new town extensions in medium- to long-term 
- Lantau development blueprint to be published in first half of 2017 

Here are links to the press releases: 

2017 Policy Address outlines plans to develop economy and improve people's livelihood 
http://www.info.gov.hk/gia/general/201701/18/P2017011800507.htm 

2017 Policy Address outlines comprehensive plans to boost housing and land supply 
http://www.info.gov.hk/gia/general/201701/18/P2017011800512.htm 

Boost for education and sports 
http://www.info.gov.hk/gia/general/201701/18/P2017011800523.htm 

CE announces plans to enhance retirement protection system 
http://www.info.gov.hk/gia/general/201701/18/P2017011800519.htm 

 

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