Chief Executive's Annual Policy Address - 6 October 2021

The Chief Executive of the Hong Kong Special Administrative Region (HKSAR), Mrs Carrie Lam, delivered her annual Policy Address on 6 October 2021.  The Policy Address sets out a new blueprint for the future of Hong Kong, which will celebrate the 25th anniversary of its establishment as a Special Administrative Region in 2022.  The Policy Address outlines measures to make Hong Kong a safe, green, liveable and innovational international city for talents.   

Details

"One Country, Two Systems"

Stability has been restored in Hong Kong and the “One Country, Two Systems” was back on track.  The Chief Executive also emphasised that the rule of law is a core value and the cornerstone of Hong Kong's success.  Hong Kong's laws and judicial independence have been held in high regard since Hong Kong's return to the Motherland in 1997.  

Green and Liveable City

Hong Kong is home to around 7.5 million population, including hundreds of thousands of expats from all over the world.  The HKSAR Government is determined to build a quality living environment for the people.  Key initiatives include - 

Carbon neutrality before 2050 and climate change

Housing and land

The Chief Executive sets out in her 2021 Policy Address a multi-pronged approach to increase housing and land supply.  About 350 hectares of land has been identified, which could provide  330,000 public housing units in to meet the demand for about 301,000 public housing units in the coming 10 years.  To address housing demand and provide adequate land supply, key initiatives include –

- further review the development potential of the "Green Belt" zone with relatively lower ecological value.  

- unlock Tso/Tong lands in the New Territories by relaxing the sale restrictions

- further streamline development processes through examination of town planning, environmental impact assessment and other statutory requirements.  

Transitional Housing – increase dedicated funding to HK$11.6 billion (EUR 1.28 billion) and raise provision of transitional housing units to 20 000 units in the coming years.  

Developing into an International innovation and technology (I&T) Hub

The Northern Metropolis

The Chief Executive proposes in her 2021 Policy Address to develop the northern part of Hong Kong into a metropolitan area ideal for people to live, work and travel.  The Northern Metropolis has an area of 300 square kilometers and will be developed as an international I&T hub - 

Make an optimal use of the land vacated upon relocation of the Lok Ma Chau Control Point to the new Huanggang Boundary Control Point in Shenzhen and a portion of the adjacent fish ponds and rural land.  Together with the original land use planning in the San Tin/Lok Ma Chau Development Node, it will provide about 150 hectares of additional land for I&T uses to develop the San Tin Technopole

Leverage the opportunity of the expansion of the Qianhai Co-oepration Zone to upgrade Hung Shui Kiu/Ha Tsuen and make it the New Territories North Modern Services Centre, and to build sizable landmark I&T facilities in Lau Fau Shan facing Qianhai on the other side of the Shenzhen Bay.  

Enhance management of ecological functions of around 2,000 hectares of conservation, creating a quality living environment for the Northern Metropolis

Upon the full development of the entire Northern Metropolis, a total of over 900,000 residential units, including the existing 390 000 residential units in Yuen Long District and North District, will be available to accommodate a population of about 2.5 million.  The total number of jobs in the Metropolis will increase substantially from 116,000 at present to about 650,000, including 150,000 I&T-related jobs.

Science Park

The Science Park is now home to around 900 technology enterprises and start-ups.  In the past three years, its tenants/incubatees have raised funds amount to HK$33 billion (EUR 3.66 billion).  To prepare for future needs, the HKSAR Government will explore expanding the Science Park's capacity - 

Look Ma Chau Loop (The Loop)

Universities' Research Work

New Impetus to the Economy

In her 2021 Policy Address, the Chief Executive revealed wide-ranging strategies to make full use of the city’s advantages under the “One Country, Two Systems” principle, promote high-end economic development and seize development opportunities as provided under the 14th Five-Year Plan and in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).  Key initiatives include –

International Financial Centre

International Transportation Centre

Centre for International Legal and Dispute Resolution Services in the Asia-Pacific Region

International Aviation Hub

East-meets-West Centre for International Cultural Exchange

Regional Intellectual Property (IP) Trading Centre

Promote Re-industrialisation

Talent Attraction

HKSAR will continue to attract non-local talents to enrich our talent pool.  Key initiatives include - 


The full text of the 2021 Policy Address

2021 Policy Address - Highlights leaflet

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