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Apart from the crackdown, the authorities will work on issuing management rules and policies for the high-quality development of the livestreaming industry, and explore the implementation of management based on ratings and categories as well as rules for online rewards and advertising, in order to build a healthier and more positive environment for livestreaming, the authorities said.

Another tax reform measure in the works is the higher personal income tax threshold, which was confirmed by Shi at the news conference. The current threshold is set at 3,500 yuan (3).

Another important policy will be the pooling of fiscal resources under unified plans. From 2016 to the end of September this year, the 832 poverty-stricken counties have streamlined more than 1.5 trillion yuan of funds, prioritizing and concentrating on the task of poverty alleviation, officials said.

Another page showing where the NED funds were used in Hong Kong last year says 0,000 was granted to the NDI in 2018 "to facilitate engagement on Hong Kong's growing threats to guaranteed rights" and "facilitate international advocacy for Hong Kong scholars, legal practitioners, and civil society leaders to raise awareness of recent developments".

Antony Leung Kam-chung, chairman and chief executive officer of Nan Fung Group and former financial secretary, said Hong Kong's role in channeling investment for B&R infrastructure projects is important.