Hong Kong SAR Chief Executive Lee Ka-chiu delivered his second policy address during his term of office on 26 October. People from all walks of life in Hong Kong believe that the report demonstrates the people-oriented policy philosophy of the HKSAR Government. A number of new I&T infrastructure projects will introduce greater impetus to promote Hong Kong's digital economy. Measures such as lowering the stamp duty on stocks and reviewing the spreads between stocks and bid-ask spreads proposed in the Policy Address are conducive to promoting the liquidity of the Hong Kong stock market.