Chief Executive John Lee Ka-chiu’s latest policy address should be praised for its laser-like focus on strengthening the foundation on which Hong Kong’s unique competitive advantages under “one country, two systems” are based. As Harvard Business School professor Michael Porter points out, one should aim to be unique, rather than the best. Besides consolidating the…
I’m not sure if I am supposed to say this, but I found Chief Executive John Lee Ka-chiu’s latest policy address interesting. It was comprehensive, covered a lot of ground and was quite detailed in places, especially with regard to economic development. I have one or two quibbles, of course, but overall it was a…
Chief Executive John Lee Ka-chiu unveiled new policies targeting Hong Kong’s notorious subdivided flats this week, aiming to improve the livelihoods of about 110,000 households living in the cramped homes. But critics have hit out at the government, saying the policy legitimises the problem by effectively allowing 70 per cent of the homes to stay,…
Subdivided flats and cage homes are Hong Kong’s shame. With our financial discipline, land sale premiums, tax revenue and sound investments, the government has built up substantial fiscal reserves over the years and invested in expensive infrastructure. Given all that spending, though, we have somehow failed to eliminate some 110,000 subdivided units to help our…