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During previous years, rocketing housing prices, especially in major cities, had fueled concerns about asset bubbles. To curb speculation, local governments have passed or expanded their restrictions on house purchases and increased the minimum downpayment required for a mortgage.

During the meeting, the council members made suggestions for Hong Kong to grasp opportunities to integrate into the national development and provided input to the HKSAR Chief Executive's 2020 Policy Address.

During the event, De León and Tang signed a memorandum of cooperation aimed at attracting local companies in the agriculture, tourism and other industries to the third CIIE, which is set to open on Nov 5, 2020.

During the past few years, major global companies have been offering a "one stop solution" for international engineering projects.

During the first four months of 2019, the sector also registered increases in both revenue and export value, which soared by 6.1 and 4.9 percent year-on-year, respectively.