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Paul Chan Mo-po is Hong Kong's financial secretary. An accountant and the former president of the Hong Kong Institute of Certified Public Accountants (HKICPA), he was appointed development secretary by Chief Executive Leung Chun-ying after the resignation of Mak Chai-kwong following a housing allowance scandal. In July 2013, Chan was accused of a conflict of interest when it was revealed that he or his family had an interest in a plot of land in the New Territories that the government had plans to develop. In January 2017, he was named to his current position.
From wealth management to bonds and banking services, mainland China has shown further support for city as a financial hub
Another tax rise needed as city struggles to reduce the number of smokers and improve its financial position.
Financial Secretary Paul Chan makes it clear that it is neither the time nor Hong Kong the place for such a measure.
Financial Secretary Paul Chan is walking a budget tightrope of raising revenue and cutting spending during a fragile recovery.
Finance chief Paul Chan faces unwelcome challenge in trying to balance slumping financial reserves with demands of a city still seeking to recover from Covid-19.
Amid a slow recovery from the pandemic and geopolitical tensions, the Chinese president’s words to regional leaders offered hope and a path to the future.
- Liu Pak-wai, an economics professor and former government adviser, says city’s 6 per cent debt-to-GDP ratio could easily go up to 10 per cent without problems
- But he warns cash would need to go to bricks-and-mortar projects, not to fund operating expenses such as salaries and healthcare
Readers discuss concerns about government bond issuance, childcare risks, and why the city needs stricter speed limits.
The government is actively engaging with mainland Chinese regulators to speed up the approval process for companies listing in the city. Measures will also be rolled out to attract family offices and wealthy individuals.
Government will use trip as an opportunity to promote Hong Kong, Secretary for Culture, Sports and Tourism Kevin Yeung says.
John Lee promises that clear explanations will be given to business, diplomats and foreign chambers of commerce to dispel misgivings on city’s national security law.
A memorandum of understanding was signed between Saudi’s Financial Sector Development Program and Hong Kong’s Financial Services Development Council on Wednesday, at the opening of the 17th Asian Financial Forum.
Political figures step up calls to scrap ‘outdated’ property market measures to boost economy and ease residents’ anxiety.
Finance chief also says world economy in fragile state amid period of complex geopolitics, after returning from World Economic Forum in Davos.
Authorities say a 30-year-old participant who collapsed after race died despite immediate first aid and resuscitation efforts.
Some attendees saying pass Article 23 legislation ‘as quickly as possible’ and then focus on using Hong Kong as platform to capture regional opportunities, Financial Secretary Paul Chan says.
The introduction of a capital gains tax was just a suggestion brought up during the budget consultation period, Paul Chan has told the Post.
Paul Chan praises ‘encouraging progress’ in cooperation with Saudi Arabia in Davos, looks forward to boosting business ties.
Finance chief considers promoting Hong Kong’s rule of law, economy his main priorities at conference amid global scrutiny over coming local security legislation, the Post learns.
Investment opportunities have become more attractive despite high interest rates globally, finance chief Paul Chan says.
Departure tax proposal ‘sends the wrong signal’ and will hit thousands of Hongkongers crossing border to shop, policy experts say.
Secretary for Education Christine Choi says her bureau will review tuition fees under user-pays principle, after finance chief eyes increasing public service charges.
Health minister Lo Chung-mau says he wants to move to an ‘increase and reduction’ model, with lower charges for those seriously ill or injured.
Economists say any changes will affect a lot of people, especially the needy, with very little benefit to the government.
Finance chief says surplus may take longer than original estimate of 2025-26 financial year and also offers assurances that efforts to secure new land will continue despite developers’ lack of appetite.
Celebrations across the city include theme park concerts, bar parties and a 12-minute pyrotechnics extravaganza over Victoria Harbour.
Financial Secretary Paul Chan says Hong Kong will be pushing to boost its global presence in 2024 and run a series of mega-events.
Technology minister Sun Dong says government goal of luring 100 top enterprises to Hong Kong in five-year window proving ‘immensely challenging’.
Government reveals financial performance between April and November, with expenditure reaching HK$472.3 billion and revenue at HK$241.6 billion.
