.President John Lee Ka-chiu declared an economic reform blueprint on Wednesday focused on enhancing Hong Kong’s conventional industries such as financing, trade as well as shipping, as well as investing in new modern technology industries, while turning out a bigger welcome mat for overseas talent and also funds.In his third policy handle considering that ending up being Hong Kong’s leader, he also threw a lifeline to the luxurious property market, liberalising the loan-to-value ratio for all homes to the pre-2009 amount of 70 per cent.Lee also disclosed information of his authorities’s much-awaited overhaul of the city’s well-known subdivided apartments and also “coffin-sized” homes, setting minimum requirements for property owners to meet such as delivering windows and also lavatories or even run the risk of criminal liability.Owners would certainly need to change their flats in to “simple housing units” to comply with brand new legal requirements within a moratorium, but renters would certainly not face any kind of fines, he said.Lee conceded eventually at a press briefing that switching subdivided homes in to cottage taken into consideration acceptable, as opposed to removing all of them entirely, was actually certainly not a “excellent 100 percent solution”. The chief executive started his 3rd policy deal with, labelled “Reform for Enhancing Progression as well as Structure our Future With Each Other”, through describing just how his authorities had actually been led by a “reform state of mind” from the start and also had fulfilled a lot of the “result-oriented” targets he had specified.” Reform is a continuous method,” he told lawmakers, a lot of all of them using environment-friendly jackets or associations to match the colour theme of his policy file symbolizing vitality, compatibility and also success.