2007 HK Policy Address

Just got a chance to read through the policy address of Hong Kong. As is usual in HK these days, every action by the government attracts criticism. But in this case, I find them mostly misplaced. The policy address lacks action steps in some respects but all in all, it hits on all the major issues - plans to improve infrastructure to lift employment and productivity, address pollution to make HK as a better place to live, medical support for the elderly, ..... I find the policy address refreshing since it coincides with my personal view of the opportunities and challenges that HK faces.

HK has many strengths and one of the most important is its position as a regional hub. While HK is the best base for regional executives, it is also an expensive place to live with its high cost and standards of living. This cost will be further exacerbated as the current population ages. The way forward is to make HK a better place to live and continues to attract highly paid expatriates and immigrants, i.e. highly paid finance executives and senior management of MNCs. This will be the future of HK and it looks like the Chief Executive is on the right idea.