Hong Kong’s Paul Chan rejects ‘race to bottom’ with Singapore香港总理陈茂波拒绝与新加坡“竞相降低标准”
HONG KONG will focus on enhancing its core strengths rather than entering a race to outbid Singapore with generous tax breaks, as the rival Asian finance hubs compete for wealthy investors and global talent, Financial Secretary Paul Chan said.
Paul Chan, Financial Secretary, speaks during a press conference in Hong Kong, Wednesday, Sept. 16, 2026. (AP Photo/Chan Long Hei)
Hong Kong will focus on enhancing its core strengths rather than entering a race to outbid Singapore with generous tax breaks, as the rival Asian finance hubs compete for wealthy investors and global talent, Financial Secretary Paul Chan said.
"We do not want to race to the bottom, but at the same time we need to be competitive,” Chan said in an interview with Bloomberg TV on Wednesday.
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2026年9月16日星期三，财政司司长陈茂波在香港举行的新闻发布会上发表讲话。（美联社照片/陈龙熙）
香港财政司司长陈茂波表示，香港将专注于增强自身核心优势，而不是与新加坡展开激烈的税收优惠竞争，争夺富裕投资者和全球人才。
“我们不想竞相降低标准，但同时我们也需要保持竞争力，”陈周三在接受彭博电视台采访时表示。
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