China said Hong Kong¡¯s future leader needs to tackle the city¡¯s housing crisis in the latest sign that the Asian financial hub¡¯s expensive residential real estate market is a priority for Beijing as Chinese officials seek to reassert their legitimacy following unrest.
With a national security law ensuring stability and prosperity in the city, Hong Kong¡¯s housing problems should be ¡°greatly improved¡± by 2049, Xia Baolong, the director of the Cabinet-level Hong Kong and Macau Affairs Office in Beijing, told a private gathering of the Hong Kong¡¯s senior-most officials on Friday. Xia was alluding to a year that marks 100 years since the Communist Party came to power in China.
¡°A governor should not only love his country and Hong Kong, but also have both political integrity and ability,¡± Xia told officials at an event meant to highlight the positive changes since Beijing imposed a sweeping national security law on the city last year.
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