.President John Lee Ka-chiu declared an economic reform plan on Wednesday focused on changing Hong Kong's traditional markets including money, trade as well as shipping, and also acquiring brand new modern technology fields, while rolling out a greater welcome mat for international talent and funds.In his third plan deal with given that ending up being Hong Kong's leader, he also tossed a lifeline to the luxury residential or commercial property market, liberalising the loan-to-value proportion for all homes to the pre-2009 amount of 70 every cent.Lee additionally revealed details of his authorities's much-awaited overhaul of the city's well known partitioned flats and "coffin-sized" homes, establishing minimal criteria for landlords to satisfy such as providing windows and also toilets or even jeopardize criminal liability.Owners would need to change their flats into "simple casing devices" to meet new lawful criteria within a moratorium, yet tenants would certainly not deal with any type of charges, he said.Lee acknowledged later at a press rundown that turning subdivided homes in to accommodation taken into consideration acceptable, rather than removing all of them entirely, was actually certainly not a "perfect one hundred percent option". The president started his 3rd plan handle, labelled "Reform for Enhancing Advancement and also Property our Future Together", through outlining how his authorities had actually been actually helped through a "reform way of thinking" coming from the start and had complied with a lot of the "result-oriented" intendeds he had established." Reform is a continuous method," he informed legislators, much of all of them using environment-friendly jackets or ties to match the colour concept of his plan document symbolising vitality, consistency as well as success.