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But moderation in fiscal income will not weaken authorities' capacity for expansion of fiscal spending in the second half to back economic growth, economists said.

But it will take time to allow the range of policies to get off the ground, as many central-level authorities are involved, she said. That's why it's better for her to explain in person why these policies are necessary for Hong Kong and to discuss how the measures could be implemented, according to Lam.

But he said more human resources need to be devoted to the area before the changes come into effect on June 1.

But Wang cautioned against over-optimism, saying more time was needed to embrace a comprehensive recovery as the bouncing-back was still short and entrenched problems remain unsolved.

But he has also defended the accord, declaring himself "very happy" with it "because we avoided an economic crisis."