Hong Kong cuts liquor duty, eases mortgage rules for economic spark

Hong Kong cuts liquor duty, eases mortgage rules for economic spark Hong Kong cuts liquor duty, eases mortgage rules for economic spark

HONG KONG — Hong Kong’s leader on Wednesday outlined a raft of policies to revitalize the city’s economy, as rising geopolitical tensions with the West, lingering chills from the COVID-19 years and strict security legislation all weigh on the global financial hub.

At the top of the government’s agenda: slashing the liquor tax, attracting wealthy migrants to buy luxury properties and easing mortgage rules for all homebuyers.