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POLITICS55m agoHong Kong’s HK$30,000 bonus for second child among 11 new measures to boost birthsHong Kong authorities have rolled out 11 new initiatives to encourage residents to have children, including an expanded cash bonus scheme and a reduced down payment for subsidised housing for parents with newborns. In the latest policy address delivered on Wednesday, Chief Executive John Lee Ka-chiu announced that the HK$20,000 (US$2,550) newborn bonus scheme, expiring on October 24, would be extended for another three years. He added that the cash bonus for second and subsequent children would...South China Morning Post

POLITICS3h agoHong Kong’s first five-year plan seeks to boost innovationHong Kong Chief Executive John Lee Ka-chiu presented the city’s first ever five-year plan, including steps to bolster innovation, birth rates and financial activity. The city aims to raise spending on innovation to 3 per cent of gross domestic product after 2030 from 1.63 per cent in 2024, Lee said as he announced the plan on Wednesday alongside the traditional annual policy address. There were also steps to accelerate construction of the tech-focused Northern Metropolis megaproject on the...South China Morning Post

POLITICS10h agoHistoric moment for Hong Kong as John Lee set to deliver city’s first ever 5-year planThis live article is freely available to our registered users. Please log in or create an account. Hong Kong leader John Lee Ka-chiu will unveil the city’s first five-year plan at the legislature on Wednesday morning, followed by his annual policy address. The highly anticipated plan, which comes after a two-month public consultation, aims to align the city’s priorities with the nation’s 2026-30 development blueprint. Lee said in an op-ed on Monday that the blueprint will include both binding...South China Morning Post

POLITICS12h agoHong Kong policy address to unveil bold youth housing and mediation initiativesHong Kong’s leader will unveil two bold initiatives on housing and mediation in his policy address, the South China Morning Post has learned, with the government planning to boost home ownership rates among young couples and prioritise settling official commercial disputes through the city’s mediation body. The new measures, to be unveiled by Chief Executive John Lee Ka-chiu on Wednesday, aimed to strengthen the city’s status as a global mediation capital while improving livelihoods, government...South China Morning Post