Hong Kong policy address: John Lee woos money, cuts liquor duty and regulates subdivided flats

City leader John Lee delivered his annual policy address on October 16, 2024, rolling out a host of measures to attract foreign talent and investment, while also announcing a surprise easing of mortgage restrictions. The third policy address of Lee’s five-year term has been considered a make-or-break blueprint in the government’s attempts to address the city’s economic troubles, after previous ones focused on national security and post-pandemic recovery measures.