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Hong Kongโs first five-year plan will give businesses greater certainty to make long-term investment decisions amid a volatile external environment, the cityโs finance chief has said. Financial Secretary Paul Chan Mo-po said the planโs targets and timelines would allow companies to see the cityโs direction over the next five years and better align their plans with the governmentโs. โThe significance of planning lies not only in the document itself, but also in looking at today from the...
An Asian city will eventually overtake London and New York as the worldโs leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. โItโs going to happen because itโs so tight,โ said Michael Mainelli, chairman of London-based think tank Z/Yen Group, in an interview with the South China Morning Post on Tuesday, referring to the narrowing gap between...