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Hong Kong Eyes Property Tax Cut, Visa Moves to Reverse Covid Brain Drain

  • Measures may be included in leader’s policy speech this month
  • City has lost ground to Singapore on strict pandemic approach
Residential buildings by the Victoria harborfront in the Kowloon area in Hong Kong.

Residential buildings by the Victoria harborfront in the Kowloon area in Hong Kong.

Photographer: Lam Yik/Bloomberg
Updated on

Hong Kong is considering easing property taxes and visa restrictions as authorities seek to curb a pandemic brain drain that’s threatened the city’s status as an international financial hub.

Chief Executive John Lee could include the measures in his maiden policy address later this month, according to people familiar with the matter, who asked not to be identified because the deliberations are private.