.Chief Executive John Lee Ka-chiu introduced an economical reform plan on Wednesday focused on completely transforming Hong Kong's traditional industries including money, trade and freight, and also purchasing brand-new innovation markets, while rolling out a bigger appreciated floor covering for international ability and also funds.In his 3rd plan handle considering that ending up being Hong Kong's forerunner, he also threw a lifeline to the high-end residential property market, liberalising the loan-to-value ratio for all homes to the pre-2009 amount of 70 every cent.Lee additionally exposed particulars of his authorities's much-awaited overhaul of the urban area's well-known subdivided flats and also "coffin-sized" homes, preparing minimum criteria for lessors to satisfy such as delivering home windows and also lavatories or even take the chance of unlawful liability.Owners would certainly have to change their flats into "general property units" to meet brand-new lawful needs within a moratorium, yet residents will not experience any type of charges, he said.Lee acknowledged eventually at a press rundown that transforming subdivided homes in to cottage thought about satisfactory, instead of eliminating all of them altogether, was certainly not a "excellent one hundred per-cent solution". The chief executive began his third policy handle, labelled "Reform for Enhancing Advancement and Property our Future All Together", by describing exactly how his authorities had been assisted through a "reform attitude" coming from the start as well as had met most of the "result-oriented" intendeds he had established." Reform is a continuous procedure," he said to legislators, most of them wearing green coats or ties to match the colour motif of his plan documentation symbolizing stamina, consistency and also wealth.