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In this issue

OVERRUN RECKONING - The budget framework law is just the start, say stakeholders. Mega-project contracts need bite, accountability and consequences | ADMIN & JUSTICE - Stabilising current foundations and improving internal legislation are the priorities, says Secretary Sonia Chan | RETHINKING REAL ESTATE - Slowing domestics sales are fueling Mainland fantasies | STOCK MARKET MAYHEM - While Shanghai and Shenzhen burned Hong Kong was singed | SUMMER IN THE CITY - Stay fresh, cut loose

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