Hong Kong SAR's Chief Executive John Lee (second right) listened to local residents' views before formulating his Policy Address. The 2024 Policy Address overarches the priority of improving people’s livelihood and promoting a caring community. HONG KONG SAR - Media OutReach Newswire - 19 October 2024 - John Lee, Chief Executive of the Hong Kong Special Administrative Region, announced his annual Policy Address (October 16), with the overarching priority of improving people's livelihood and promoting a caring community. The Government will also give young family applicants and one‑person applicants aged below 40 greater chance in applying for subsidised Home Ownership Scheme (HOS) flats. A three-year pilot scheme will be launched next year to subsidise elderly recipients of Comprehensive Social Security Assistance to reside in designated residential care homes in Guangdong.