Story thread · 2 reports / 1 sources

Hong Kong’s Paul Chan Rejects ‘Race to Bottom’ With Singapore

bloomberg.com · 1dShare

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.

First report: Singapore Versus Hong Kong: Which City Is Better For Expats? — bloomberg.com, 1d