Hong Kong boosts land supply to cool property market

HONG KONG (Reuters) - Embattled new Hong Kong leader Leung Chun-ying said in his maiden policy speech on Wednesday that subsidised and public housing supply would be bolstered in an effort to address the city's red-hot property market.

Leung will be hoping the populist policy will help salvage his battered reputation and shore up his political future after several scandals, mass protests, and a failed impeachment in his first six months in office.