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Policy addresses often can be fraught with undertakings and maiden addresses even more so. Their potential for outlining an administration's vision, which will affect business confidence and decision making, gives them a heightened status.
Chief Executive Leung Chun-Ying's pending policy address therefore shapes as a potential watershed in Hong Kong's business and economic history. There are two reasons.
The first is the fact that it is the Chief Executive's maiden address, while the second concerns the economic and historical position in which the SAR finds itself.
If it is to be a positive watershed, the address must articulate effective policy prescriptions in a number of key areas.
Hong Kong faces a number of challenges amid continuing global and regional uncertainty. While ideally located in what is the most dynamic economic region, Hong Kong - somewhat incongruously - finds itself in a parlous situation.
Its position as the region's commercial and financial hub is being challenged, and not only by traditional rival Singapore. A number of cities on the mainland are growing in prominence as financial centers of gravity - a trend which will only continue.