HK eyes property tax cut, visa moves to reverse Covid brain drain

Hong Kong has been left reeling from almost four years of political turmoil and Covid border closures that largely cut the city off from the outside world.- Reuters

HONG KONG (Bloomberg): 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.