Hong Kong Chief Executive Carrie Lam vowed to continue strengthening ties with China, using an annual policy address to defend Beijing’s tightening grip over the financial hub and announce new steps to boost economic links with the mainland.

In a speech on Wednesday that was delayed in order for her to consult Communist Party leaders in Beijing, Lam said her administration’s aim was to restore confidence following another tumultuous year. She spoke against the backdrop of a new wave of virus infections, an economy in deep contraction, worsening wealth inequality and political turmoil.

"The primary objective of this policy address is to look at ways to get Hong Kong out of the impasse and to restore people’s confidence as soon as possible,” she said in the speech, which cited President Xi Jinping’s vision for Hong Kong at the outset.