Chief Executive of China's Hong Kong Special Administrative Region (HKSAR) Carrie Lam holds a press conference following the 2020 policy address in Hong Kong, south China, Nov. 25, 2020. (Xinhua/Wang Shen)

The support measures unveiled in the new policy address will help Hong Kong better participate in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, consolidate its status as an international financial center and tackle difficulties of its residents.

HONG KONG, Nov. 26  -- As a series of support measures were unveiled in the new policy address on Wednesday, Hong Kong, still reeling from social unrest and the COVID-19 epidemic, is expected to gain momentum to revive its ailing economy, integrate into steady development of the country, and realize greater achievements in the future.

TAPPING INTO GREATER BAY AREA

Observers said the measures to help Hong Kong better participate in the development of the Guangdong-Hong Kong-Macao Greater Bay Area became the major bright spot of the policy address.

With the great support of the central government, Hong Kong should make full use of the opportunities in the Greater Bay Area and actively integrate into the national development landscape so as to enjoy the dividends of the country's robust growth, Hong Kong-based economist Liang Haiming said.

The new measures, among seven aspects of policy support by the central government, were tangible, detailed and practical, Chan Yung, vice-chairperson of the Democratic Alliance for the Betterment and Progress of Hong Kong, said.