Group 1 - The Hong Kong Chief Executive, John Lee, presented his fourth policy address on September 17, which includes various measures aimed at improving the livelihood of citizens and boosting the economy [3][5] - The policy address proposes to extend the additional tax allowance for newborns from one year to two years, starting from the 2026/27 tax year, allowing taxpayers to claim a double tax allowance of HKD 260,000 for each child during the first two years after birth [3] - The government plans to increase the supply of public and private housing, and optimize the sale and transfer arrangements to assist public housing residents in home ownership [4] Group 2 - The policy address includes initiatives to support the elderly, such as the establishment of three new elderly neighbor centers and the addition of approximately 700 new subsidized elderly care places [4] - The government is actively encouraging the development of artificial intelligence, which is seen as a positive opportunity for young professionals in technology-related fields [3] - The report emphasizes the importance of aligning with national development strategies, particularly in areas like the Northern Metropolis planning and the Greater Bay Area development [3]

Core Insights - The Hong Kong government's fourth Policy Address emphasizes "deepening reforms, caring for people's livelihoods, leveraging advantages, and creating a shared future" [1] - The Financial Secretary highlighted the importance of introducing industries and major projects to accelerate the development of Hong Kong's innovation and technology sector [1] Group 1: Economic Development - The Policy Address outlines short, medium, and long-term measures to enhance social and economic development, improve citizens' lives, and integrate Hong Kong into the national development framework [1] - The government aims to ensure that infrastructure, transportation, community building, and industrial development in the Northern Metropolis are well-coordinated to boost economic momentum [1] Group 2: Industry and Talent - The government recognizes the necessity of actively nurturing emerging industries and attracting enterprises and talent to Hong Kong [1] - There has been notable progress in Hong Kong's economy this year, supported by national backing, with increased inflow of international capital and settlement of enterprises and talent [1]