Hong Kong leader announces initiatives to attract talent to the city

Hong Kong Chief Executive John Lee connected Wednesday announced initiatives to pull endowment and concern to the city.

In his archetypal argumentation code since helium took bureau successful July, Lee said the authorities would acceptable speech billions to pull businesses to the city, and motorboat a alleged apical endowment walk strategy to "entice talents to prosecute their careers successful Hong Kong."

Those who go imperishable residents tin use for a refund of other stamp work paid connected properties successful the city, helium said.

Hong Kong has mislaid thousands of residents since the pandemic started, worsening a "brain drain" from the planetary fiscal hub.

The Hang Seng index successful Hong Kong precocious somewhat successful aboriginal commercialized earlier giving up those gains. Ahead of the speech, it was down much than 0.8%. It fell much than 1% during the speech.

Lee, a Beijing loyalist, was the lone campaigner successful the predetermination successful May to regenerate his predecessor Carrie Lam. Around 1,500 members of a mostly pro-Beijing predetermination committee voted, and Lee won 1,416 votes to go Hong Kong's apical leader.

Hong Kong was a British colony earlier it was handed to China successful 1997 to beryllium governed nether a "one country, 2 systems" framework. Hong Kong was promised autonomy for 50 years and has freedoms that different Chinese cities bash not have, including constricted predetermination rights.

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