Daily Cuts - Hong Kong’s latest policy address promises to ease property market woes

Chief Executive John Lee’s second policy address focused on easing property market woes and restarting Hong Kong’s economy. He slashed stamp duties by half to 7.5% for second home buyers and non-citizen buyers to help boost its struggling real estate sector. And to kickstart economic activity, he reduced levies on stock trades. Mr Lee also touched on the need for bolstering national security in his latest address. Liu Dongshu, Assistant Professor, Department of Public and International Affairs, City University of Hong Kong explains how the measures would help the economy.