Hong Kong Shouldn’t Take a Back Seat to Singapore, Financial Chief Says

Hong Kong’s financial chief defended Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance and said the city shouldn’t take a back seat to Singapore as a global financial center.

In a Chinese-language blog post Sunday, Hong Kong Financial Secretary Paul Chan Mo-po expressed confidence in the city’s status as a top financial center even as Singapore surpassed Hong Kong in a recent global ranking.