Hong Kong pushes reforms to spark economic growth, cut liquor duties

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HONG KONG: Hong Kong's leader pledged on Wednesday to reform and revive the economy and financial markets including slashing liquor duties, while seeking to improve dire living conditions for the city's poorest.

Lee said procedures for companies seeking to list in Hong Kong would be streamlined, in a bid to lure more international company listings on its stock exchange.

John Lee, in his third annual policy address, highlighted the need to "deepen our reforms and explore new growth areas," in line with China's national priorities and recent calls from Beijing for all sectors to unite to promote development and economic growth.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaHong KongSingapore

Topics: Economy John Lee Duties Reform /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 14:32:00 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23083503

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