HONG KONG, Jan. 15 -- Hong Kong Chief Executive CY Leung delivered Wednesday a policy address to the city's lawmakers and citizens amid an ongoing public debate on procedures to elect his successor by universal suffrage in 2017.

For the second annual policy address since he was sworn in as the chief executive of the Special Administrative Region (SAR), Leung reviewed a series of policies his government introduced to cope with housing anger, poverty, aging population and cultivation of future generations.

The address, entitled "Support the Needy, Let Youth Flourish, Unleash Hong Kong's Potential", was delivered at Hong Kong's Legislative Council.

Over the past year, the SAR government has progressively fulfilled the pledges in his manifesto and the first policy address, taking full advantage of the opportunities in the Asia- Pacific region and the preferential treatment provided by China's central government, Leung said.

"We have capitalized on the advantages of 'One Country' and ' Two Systems'. I, together with the whole government, have explored business opportunities for Hong Kong at home and abroad," he said.