Hong Kong Chief Executive Carrie Lam delivered her third annual policy address last week against a backdrop of continuing unrest. Her speech is notable for its focus on measures aimed at increasing the public housing supply and improving social welfare, including greater subsidies for children, students and working families.

In doing so, her policy agenda is an acknowledgement of some of the major causes of the unrest, in particular the lack of affordable housing for the masses, the result of a severe shortage of public housing and extremely expensive private housing.

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