Youth Development

129.    Youth development has a significant bearing on the future of Hong Kong.  We will set up the Youth Development Commission in the first half of this year.  Chaired by the Chief Secretary for Administration, the Commission will promote youth development in a more holistic manner and address young people's concerns about education, career pursuit, home ownership, public policy discussion and debate and participation in politics.  I will set aside $1 billion to support the work of the Commission, with a view to giving young people more room to unleash their potential and more opportunities for upward mobility.