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Policy Address 2020. Live | The property market withdraws the double stamp duty on non-residential buildings starting tomorrow


The 2020 policy address, which was postponed for more than a month, was released today. In the past year, Hong Kong has experienced a peak period of anti-revision demonstrations, the new crown pneumonia epidemic, and the legislation of the National Security Law. The society has experienced a turbulent moment. Chief Executive Carrie Lam Chengyue

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Written by: Wang Jien, Zhang Jiamin, Huang Weilun, Zheng Cuibi, Li Enci, Kong Fanxu, Kuang Xiaobin, Chen Jiayi, McCain, Ouyang Dehao, Yuan Shu, Lao Minyi, Deng Yinglin, Hu Jiaxin, Chen Shuxia

2020-11-25 10:40

Last update date: 2020-11-25 12:10

The 2020 policy address, which was postponed for more than a month, was released today. In the past year, Hong Kong has experienced the peak of anti-revision demonstrations, the new crown pneumonia epidemic, and the legislation of the National Security Law. The society is experiencing turbulent moments. Proposed 200 new measures to provide citizens with "better services" without using new resources.

The government has spent 310 billion yuan of public funds to deal with the new crown pneumonia epidemic. Carrie Lam said that this year's fiscal deficit may reach a similar level. It is expected that the policy address will not "distribute sugar."

It is understood that she will propose new measures in areas such as land, housing, youth employment, navigation rights and the development of the Greater Bay Area.

"Hong Kong 01" live broadcast Carrie Lam's policy address.

[12:05] The government announced that it will remove double ad valorem stamp duty on non-residential properties.

[12:04] Carrie Lam also announced that it will implement the plan to rebuild the three government buildings in Wanchai North and the harbour fire station site into convention and exhibition facilities, hotels and Grade A office buildings. The Airport Authority will also invest in the second phase of Asia Expo .

The two projects will add more than 40% of the space.

The construction of a new conference center on the site above the Shazhong Line Convention and Exhibition Station involves multiple technical difficulties, uncertain construction periods and unsuitable cost-effective considerations. It was decided to transfer the land to other uses.

[12:04] As the tourism industry is still facing severe challenges for a long time to come, the government will introduce additional relief measures for the industry, with a total commitment of close to 600 million yuan, which will benefit travel agents, their staff, and owners. Freelance licensed tour guides and tour leaders who are tour guides and team leaders, and tour service bus drivers who mainly pick up passengers.

After the epidemic eases, more local cultural and green tourism resources will be explored to revitalize the tourism industry. The Tourism Board is taking the opportunity to review Hong Kong's tourism positioning to meet future challenges.

Carrie Lam said that during his later visit to Beijing, the Ministry of Culture and Tourism will continue to support tourism cooperation between the two places and improve the quality of the tourism industry.

[12:03] Carrie Lam pointed out that he will support and assist many local universities in the Greater Bay Area’s school-running plans, and implement the The Greater Bay Area Foreign Investment Liaison Group", in which Invest Hong Kong and counterparts in other Greater Bay Area cities formulate comprehensive joint foreign investment business proposals to strengthen synergy; and through the Hong Kong Jockey Club and its racecourse in Conghua, Guangzhou, Jointly promote the development of the horse industry in the Greater Bay Area.

[12:00] After the opening of the "Tuen Mun-Chek Lap Kok Tunnel", we will make every effort to promote the "No Quota Scheme for Bridge Port Vehicles Going North", allowing qualified Hong Kong private cars to enter and exit Guangdong Province via the bridge to facilitate Hong Kong residents Take a self-driving way to Guangdong Province for short-term business, family visits or tourism.

The Guangdong and Hong Kong governments will refer to the implementation experience of the project on the bridge and actively study the extension of the project to a Hong Kong-Shenzhen land port so that Hong Kong private cars can travel between eastern and western Guangdong.

The authorities will strive to be approved by the Guangdong Province and implemented in the Shenzhen Hospital of the University of Hong Kong as soon as possible, trial use of drugs registered in Hong Kong and medical devices used in Hong Kong public hospitals, and extend the policy to more designated medical institutions, drugs and medical devices in due course .

In addition, Guangdong Province will also allow traditional Chinese patent medicines for external use registered in Hong Kong to be registered and sold in the Greater Bay Area through a simplified approval process.

[11:58] The SAR government is discussing co-organizing a high-level roundtable meeting with the State-owned Assets Supervision and Administration Commission of the State Council to make good use of Hong Kong’s international experience and professional advantages, explore optimizing modern corporate governance and strengthening scientific research applications, and collaborate with each other to improve " "Going Global" competitiveness; and launch the "Mainland Business Partner Exchange and Matchmaking Plan" in the coming year, arranging exchanges and cooperation between Mainland enterprises and Hong Kong's professional service sector, and enhance the internationalization, marketization and professionalism of the project.

The Ministry of Commerce of the People’s Republic of China will continue to support the SAR government and encourage Hong Kong companies to use the Mainland’s economic and trade cooperation zones to develop their businesses overseas. The two sides have selected five Mainland economic and trade cooperation zones in the ASEAN region, such as Thailand, Malaysia, Cambodia and Indonesia. And use electronics, toys and electrical products as pilot projects to promote the industry.

A total of 15 economies in the ten ASEAN countries, Australia, China, Japan, South Korea and New Zealand signed the Regional Comprehensive Economic Partnership Agreement (RCEP) earlier.

The SAR government has expressed its willingness to join the "Agreement" to the contracting economies in 2018, and will actively strive to become the first batch of economies to join the "Agreement".

[11:56] TDC will jointly launch a one-stop "GoGBA" platform with Guangdong Province and relevant chambers of commerce to provide Hong Kong businessmen with all-round support, covering the Greater Bay Area market and policy information, consulting services and training, and corporate promotion , Expansion and docking services.

[11:54] She said that past experience clearly shows that the compression of infrastructure and the suspension of land construction due to the economic downturn have adverse consequences for the economy and people's livelihood.

The government will continue to invest in infrastructure, and it is expected that the average annual rate will exceed 100 billion yuan in the next few years, and it is committed to making construction projects possible as soon as possible.

In order to introduce more local livelihood projects that can create jobs in the short term, she proposes that the Legislative Council approve an increase in the expenditure ceiling of each minor project funded by block funding from the current $30 million to $50 million, which I believe can be accelerated. The implementation of projects are closely related to the lives of citizens, such as the renovation of schools and cultural and recreational facilities, the improvement of environmental sanitation, and minor projects such as roads, drainage and water supply.

[11:53] Lin Zheng pointed out that he proposed to launch a five-year "Outstanding Creative Scientists Program", which is estimated to spend 2 billion yuan to promote the cultivation of scientific research talents.

[11:52] She also said that the central government strongly supports the Hong Kong-Shenzhen cooperation in the construction of the "Guangdong-Hong Kong-Macao Greater Bay Area International Technology Innovation Center" and agreed that the Hong Kong-Shenzhen government can jointly build the "Shenzhen Park" in the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone and its location in Lok Ma The "Hong Kong Park" in Zhouhe Tao realizes the "One District, Two Parks" of "One River, Two Banks" under the "One Country, Two Systems".

Before the completion of the first batch of buildings in the Hong Kong Park, the governments of the two places are studying that the Hong Kong Science and Technology Park Company will lease and manage parts of the Shenzhen Futian Science and Technology Park, so that institutions and companies interested in developing business in the Greater Bay Area will first settle in the Shenzhen Science and Technology Park. Because on the road to innovation and technology, "there is no fastest, only faster", we must lose no time to promote the ecological chain of innovation and technology industry in Hong Kong and Shenzhen, and create a large number of employment and entrepreneurial opportunities for Hong Kong young people.

[11:50] Carrie Lam also announced that the "Hong Kong Smart City Blueprint 2.0" to be released next month will propose more than 130 smart city measures, with the purpose of allowing citizens to better experience the benefits of smart cities and innovative technologies to their daily lives .

In order to further promote the "smart government" and even the digital transformation of the entire society, "Smart Convenience" will be launched in December this year. At the beginning, more than 20 common public services will be provided, including online application for vehicle license renewal and electronic tax filing, as well as inviting other public utilities. The business provides services on the platform.

[11:47] She mentioned that the government has accepted a number of suggestions made by the Airport Authority, such as the development of an automated parking lot on the artificial island at the Hong Kong Port of the Hong Kong-Zhuhai-Macao Bridge for transfers from Guangdong and Macau to the airport via the Hong Kong-Zhuhai-Macao Bridge. Or for self-driving passengers visiting Hong Kong.

Among them, "land-to-air" passengers can park their private cars in the automated parking lot, and then go directly to the gate to board the plane without entering Hong Kong via the multimodal transit passenger terminal located in the restricted area of ​​the airport.

Other visitors to Hong Kong can enter Hong Kong through customs clearance at the Hong Kong Port Passenger Clearance Building after parking.

The airport will also promote the "Space Corridor" project. A bridge system will be built to connect the "Space City" and the artificial island of the Hong Kong Port. The unmanned transportation system will be used to enhance the overall transportation network and capacity. The "Space City" and the Hong Kong-Zhuhai-Macao Bridge Hong Kong Port will be built Connected with Hong Kong International Airport.

In the next step, the AA plans to extend the unmanned transportation system of the "Space Corridor" to the center of Tung Chung, and integrate the coastal roads on the east side of the airport island to establish a connection between the center of Tung Chung, the airport island and the artificial island of Hong Kong Port Complete and environmentally friendly transportation connection system.

In addition, the Hong Kong International Aviation Academy and student dormitories were built on the artificial islands at the Hong Kong Port to strengthen talent training to allow more Hong Kong youth to join the aviation industry, and to reserve some other artificial islands for the development of air freight logistics and related support facilities for the airport community. .

[11:45] Carrie Lam said that with the opening of the Hong Kong-Zhuhai-Macau Bridge, it will provide an opportunity for further cooperation between the airports of the two places. By combining the mainland aviation network of Zhuhai Airport with the international network of Hong Kong International Airport, the overall development of the Greater Bay Area can be strengthened. Aviation advantage.

She earlier proposed to the central government a series of proposals to consolidate and enhance the status of Hong Kong's international aviation hub, including allowing the AA to buy shares in Zhuhai Airport under market-based rules, so that the two airports can achieve better synergy.

The National Civil Aviation Administration also agreed that Guangdong and Hong Kong could start preparations for cross-border commercial helicopter services to strengthen the international business environment in the Greater Bay Area.

[11:40] Carrie Lam also announced that the central government will continue to support Hong Kong in consolidating and enhancing its status as an international financial center. In addition to speeding up the implementation of the "Cross-border Financial Link" in the Greater Bay Area, the central government agreed to establish a new listing system in Hong Kong during his visit to Beijing. Unprofitable biotechnology companies and mainland science and technology innovation board stocks that are listed on the stock market will be included in the stock selection scope of "Connect" under certain conditions.

What the government will be determined to promote is the Hong Kong Real Estate Investment Trust, which will make Hong Kong develop into a thriving real estate fund market in Asia. It is studying multi-pronged measures, including moderately relaxing the investment restrictions on real estate funds, broadening the investor base, Improve the legislative and regulatory framework to facilitate the operation of the industry, and strengthen market promotion and investor education.

In order to consolidate Hong Kong's position as a leading private equity fund hub in Asia, it will provide tax relief for the carried rights distributed by private equity funds operating in Hong Kong, subject to certain conditions, and the goal is to submit an amendment bill to the Legislative Council in the short term.

Invest Hong Kong will set up a dedicated team to strengthen the promotion of Hong Kong's advantages in Hong Kong and other major markets, and provide one-stop support services for family offices who are interested in operating in Hong Kong to further promote family office business in Hong Kong.

[11:37] She also mentioned that Hong Kong's economy has been hit hard by social turmoil, the epidemic and the international political situation in the past year, and the labor market has also faced tremendous pressure. The government predicts that the economy will contract by 6.1% throughout the year.

She described Hong Kong as a "highly rule-of-law, market-oriented, and internationalized" economy, and development opportunities are obvious under the new national structure.

Hong Kong’s advantages in "one country, two systems" can further strengthen its role as an "intermediary" in the international cycle, and focus on business opportunities in the mainland market, better integrate into the overall national development, and take the development of the Greater Bay Area as a starting point to actively become a major domestic cycle. "Participants" and "facilitators" of the international cycle, playing their dual roles well will provide an endless source of momentum for the Hong Kong economic belt.

[11:33] Lin Zheng also pointed out that, in addition to the epidemic prevention and anti-epidemic measures, "every decision is based on science, expert opinions and information, and has never infiltrated any political consideration.

She also pointed out that in terms of cutting off the spread of the virus in the community, high-risk groups have been required to undergo compulsory testing, and people who have no symptoms have been "willing to do all the tests", "or again large-scale community testing", and strive to After receiving the support and cooperation of the general public, the "clearance" was issued, and it is hoped that the goal of resuming personnel exchanges between the two places will be met as soon as possible.

[11:28] Carrie Lam said that the government should play the role of "facilitator" and "promoter" in addition to "regulator" and "service provider", and "break down the walls" for all walks of life, and help the society Seek greater benefits.

With strict control over the increase in current expenditure and zero increase in the civil service establishment, various departments must implement service reforms and implement measures that benefit the people.

She also pointed out that she decided to withdraw all the personnel establishment proposals that are pending approval and review them one by one.

If it is determined that there is a great need, only "time-limited supernumerary posts" should be established to handle related affairs.

In terms of streamlining administrative procedures, special efforts will be made to streamline land development control and approval procedures, as well as speed up the approval process for larger-scale private residential land planning lease revisions and other development applications.

Policy bureaux and departments will also continue to reform more than 900 services under the "Simplification of Government Services" plan.

She also pointed out that after a round of inventory, she noticed that some funds have huge balances and can better play their role. She has asked relevant policy bureaus to conduct a comprehensive review, especially to simplify procedures and increase publicity to allow more people and institutions in the community. Benefit.




[11:25] Carrie Lam also mentioned that fair trial and due process are necessary elements of the rule of law, and the role of the judiciary is pivotal, fulfilling its important constitutional functions in accordance with the Basic Law.

When performing their duties, judges will only rely on legal provisions and the spirit of the law without any interference.

However, she mentioned that independent judicial power does not mean that the parties cannot appeal against the judge's rulings. In criminal cases, the defendant or prosecution can appeal, review, or apply for disqualification from the judge to hear the case; The public can also lodge complaints with the judiciary for the impartiality and behavior of judges.

She also pointed out that the police will certainly handle illegal cases in a fair and impartial manner.

Among the more than 2,300 people prosecuted in the "Regulations Amendment Disturbance", most of the cases are undergoing judicial proceedings.

For those arrested under the age of 18 who are remorseful and not involved in serious crimes, the police are willing to consider taking measures to allow them to rehabilitate, depending on the circumstances, such as using a superintendent’s warning or signing a conservative behavior to deal with it, but only if that The minor must admit his wrongdoing.

[11:22] Lam Cheng said that in order to implement the provisions of the Basic Law, the Hong Kong National Security Law and the NPC Standing Committee’s interpretation of Article 104 of the Basic Law and the decision on the qualifications of members of the Legislative Council, and refer to relevant The local court ruled that the SAR government will submit a draft within this year to amend local laws such as the Oaths and Declarations Ordinance and the Legislative Council Ordinance to improve the arrangements for oaths and deal with laws that must be borne by violations of oaths after taking an oath. Consequences and related legal procedures.

Civil servants who have been employed since July 1 this year must also sign a declaration confirming their support for the Basic Law, allegiance to the Hong Kong Special Administrative Region of the People’s Republic of China, and responsibility to the Hong Kong Special Administrative Region Government.

As for other current civil servants, the Secretary for Civil Service will announce the specific implementation methods later.

[11:20] In addition, Carrie Lam mentioned that in the past four months or so, the "Hong Kong National Security Act" has brought significant effects in restoring Hong Kong's stability. For example, advocacy of "Hong Kong independence" and collusion with external forces have gradually diminished; The "big figure" has clearly converged; radical organizations have ceased operations or disbanded; suspected lawbreakers have absconded in fear of crime; and street violence has also been drastically reduced.

She believes that after a year of social turmoil and threats to personal safety, Hong Kong citizens can finally re-enjoy their basic rights and freedoms in accordance with the law.

She also pointed out that the "National Security Law" will not affect citizens' continued enjoyment of freedom of speech, news, assemblies, demonstrations, and processions in accordance with the law.

Lam Cheng pointed out that in accordance with Articles 9 and 10 of the "Hong Kong National Security Act", the annual "Constitution Day" and "National Security Education Day" are being used to carry out public education on a larger scale.

[11:19] Carrie Lam also pointed out that at the beginning of his tenure, he had stated that "one country, two systems" was to be stable and far-reaching. The governance of the SAR must adhere to the "one country" principle and correctly handle the relationship between the central and the SAR.

She pointed out that the Basic Law also gives the Chief Executive the function of "dual heads", which is not only the head of the administrative organ of the Hong Kong Special Administrative Region, the government of the Special Administrative Region, but also the head of the Hong Kong Special Administrative Region, representing the entire Hong Kong Special Administrative Region.

She pointed out that under this framework, "the administrative, legislative, and judicial organs are divided into separate powers, each performing its own duties."

There is no contradiction between executive leadership and judicial independence. The chief executive's responsibilities also include safeguarding the independent judicial power guaranteed by the Basic Law.

[11:18] Carrie Lam also mentioned that this year marks the 30th anniversary of the promulgation of the Basic Law. He deeply feels that this great concept of "One Country, Two Systems" put forward by Deng Xiaoping has not only smoothly solved historical problems, but also ensured the prosperity and stability of Hong Kong. .

She pointed out that last year the Fourth Plenary Session of the 19th Central Committee of the Communist Party of China adopted "adhere to "one country, two systems", maintain the long-term prosperity and stability of Hong Kong and Macao, and promote the peaceful reunification of the motherland" as "one of the significant advantages of our country's national system and governance system, and clearly defined the central The principle of "one country, two systems" is unswerving.


To fully and accurately implement "One Country, Two Systems", we must act in accordance with the Constitution and the Basic Law.

She mentioned that Article 31 of the Constitution stipulates that “the state may establish special administrative regions when necessary. The systems implemented in special administrative regions shall be prescribed by law by the National People’s Congress in accordance with specific conditions.” The National People’s Congress is the country’s highest authority. , Its decision has the highest legal effect; the Standing Committee of the National People’s Congress has the power to interpret the Basic Law; and the National People’s Congress and its Standing Committee have the power to supervise the implementation of the Basic Law.

[11:15] Carrie Lam said that the SAR government will strengthen communication with relevant central ministries and commissions and the Guangdong provincial government, and set up a task force to advance various tasks.

However, to promote the development of various undertakings in Hong Kong, "in the final analysis" must "fully and accurately implement the principles of "one country, two systems", "Hong Kong people ruling Hong Kong" and a high degree of autonomy.


[11:10] Regarding the epidemic situation, the central government supports and requires Hong Kong to aim at "external defense import, internal defense rebound" and pass the "health code" under the control of the epidemic to gradually resume customs clearance.

The Mainland will also provide vaccines to Hong Kong and reserve vaccines made in the Mainland for Hong Kong when necessary.

[11:07] She pointed out that after the postponement of the policy address last month, certain results have been achieved after her visit to Jingcheng. Vice Premier Han Zheng also pointed out to Lin Zheng and others, "Anything that is conducive to maintaining Hong Kong’s long-term prosperity and stability. The central government will give full support to matters that enhance the vital well-being of Hong Kong compatriots and promote the integration and development of the Mainland and Hong Kong."

The central government supports the Hong Kong government to fully implement the 24 measures passed by the group before the end of the year, and the short-term will include: designated medical institutions in designated cities in the Mainland to use Hong Kong registered drugs, Hong Kong and vehicles northbound, cross-border wealth management, deepening financial interconnection and expanding investment The scope of eligible stocks.

The central government also supports that Hong Kong Airport can invest in Zhuhai Airport in accordance with the principle of marketization and participate in the operation and development of Zhuhai Airport.

The other two places will build international science and technology innovation centers. The central government supports Hong Kong and Shenzhen in jointly building the Shenzhen Park in the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone and the Hong Kong Park in the Lok Ma Chau Loop. Two parks

The Lok Ma Chau Huanggang Port will also be optimized for reconstruction. A single-site two-site customs clearance facility will be set up at the New Huanggang Port in Shenzhen. By then, about 20 hectares of land at the existing Hong Kong Port will be released for other uses.

[11:05] Lin Zheng pointed out that President Xi Jinping said at the 20th anniversary of Hong Kong’s return to the motherland and the inauguration ceremony of the fifth Hong Kong Special Administrative Region government on July 1, 2017, that "one country, two systems" needs to be explored in practice. , And pointed out that "one country, two systems" has encountered some new situations and new problems in Hong Kong's practice.

He mentioned that in the future, it will be better to implement the "four principles" of "one country, two systems" in Hong Kong, that is, to always accurately grasp the relationship between "one country" and "two systems", and to always follow the Constitution of the People's Republic of China (the Constitution) and The Basic Law of the Hong Kong Special Administrative Region of the People’s Republic of China always focuses on development as the top priority and always maintains a harmonious and stable social environment.

[11:00] Carrie Lam said that the "Policy Address" announced today seeks to "correct the roots" in the political system, consolidate and enhance Hong Kong's advantages in economic development, advance in diversification, and continue the development of the people's livelihood, and strive to solve the current situation. And long-term social issues.

, When preparing this policy address, I feel that there is a long way to go, because in the past year or so, Hong Kong has encountered an "unprecedented" blow, and social unrest has gone through the "regulations" and other social unrests caused by rebellion against the regime, and the new crown epidemic is raging. The resulting economic contraction and rising unemployment rate, "behaviors that endanger national security due to the intervention of foreign forces."

She pointed out that these have seriously damaged the social stability of the SAR, stifled economic development, and undermined Hong Kong's international image. The society has paid a heavy price.

Under this environment, it is completely understandable that the public is anxious and even loses confidence in the future.

How to get Hong Kong out of the predicament as soon as possible and restore the confidence of the people is the primary purpose of this "policy address."

↓↓Revisit the people and events that have been linked to the policy address↓↓




[11:00] Carrie Lam arrives at the conference hall in the Legislative Council Building.

[10:55] Legislative Council members from the establishment of the Legislative Council gradually entered the Chamber. The Chief Executive Carrie Lam will read the fourth policy address in the Legislative Council building later.

↓↓Carrie Lam shows off the cover of the New Policy Paper on Tuesday↓↓

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Source: hk1

All news articles on 2020-11-25

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