Hong Kong leader John Lee will on Wednesday deliver his inaugural policy address that is expected to focus on reviving the city's credentials as an international business hub and on housing after extended COVID lockdowns and political upheaval.
Lee, a former career policeman with limited financial expertise, will have the challenging task of lifting Hong Kong's regional competitiveness after its economy shrank 1.3% in the second quarter.
"We are now embarking on a new chapter for further prosperity and this is a new phase for Hong Kong," Lee said. Beijing responded to the protests with a sweeping national security law in 2020, prompting an exodus of Hong Kong residents to countries including Britain, that offered "lifeboat" citizenship schemes in response to the law.More than 200,000 people have left over the past two years or so, according to government figures.
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