.Chief Executive John Lee Ka-chiu declared an economic reform master plan on Wednesday focused on improving Hong Kong's traditional sectors like finance, exchange and also shipping, and also purchasing brand-new innovation fields, while rolling out a larger welcome mat for overseas talent and funds.In his third plan address considering that becoming Hong Kong's innovator, he additionally tossed a lifeline to the high-end residential property market, liberalising the loan-to-value proportion for all homes to the pre-2009 degree of 70 per cent.Lee likewise exposed details of his government's much-awaited overhaul of the area's well-known partitioned apartments and also "coffin-sized" homes, specifying minimum requirements for property managers to fulfil including delivering home windows as well as commodes or take the chance of criminal liability.Owners will need to convert their flats into "standard housing systems" to comply with new lawful requirements within a grace period, however residents will not deal with any type of fines, he said.Lee acknowledged later on at a push briefing that transforming subdivided homes in to lodging considered reasonable, as opposed to removing them completely, was not a "ideal 100 percent remedy". The leader started his 3rd policy handle, titled "Reform for Enhancing Growth and also Property our Future All Together", through detailing just how his federal government had been actually assisted through a "reform attitude" coming from the beginning as well as had fulfilled most of the "result-oriented" targets he had actually set." Reform is actually a constant process," he said to lawmakers, a number of them putting on eco-friendly jackets or even ties to match the colour theme of his plan file symbolising stamina, consistency as well as success.