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Hong Kong’s MPF marks 25 years with strong returns, ‘growing public confidence’

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Hong Kong’s October retail sales figures underline need for change

Hong Kong economy

Hong Kong’s finance chief speaks to the Post

News

Hong Kong

Hong Kong Economy

Hong Kong’s finance chief warns annual economic growth forecast could be cut, admits ‘most critical constraint’ has been border closure and pledges government is doing its all to ease rules

Financial Secretary Paul Chan. Photo: Nora Tam

Passengers at Hong Kong International Airport wait to be transported to their quarantine facilities. Photo: K. Y. Cheng

Retail shops in Mong Kok offer discounts to attract customers. Finance chief Paul Chan says Hong Kong’s economy in the second quarter was not as strong as expected. Photo: Sam Tsang

Health officials are “actively considering” cutting Hong Kong’s hotel quarantine period for arrivals to three or four days. Photo: Sam Tsang

A resident gets tested for Covid-19 at a mobile specimen collection station in Causeway Bay. Photo: Yik Yeung-man

Exports and investments remain sluggish despite rise in consumption, and strict quarantine rules have been ‘most critical constraint,’ Financial Secretary Paul Chan says.


Decouple Hong Kong’s currency peg to the US dollar? ‘Absolutely not,’ says finance chief Paul Chan

A monitor displays the rates of Tether and other cryptocurrencies in Hong Kong. Photo: EPA-EFE

Peg is aligned with national strategy and fortifies city’s standing as international financial centre, Paul Chan tells Post in exclusive interview.


Hong Kong must raise interest rates but wild swing in property prices unlikely, finance chief says

Financial Secretary Paul Chan says higher interest rates alone are unlikely to send property prices plunging, given other factors at play. Photo: Nora Tam

Buildings under construction by Hong Kong Housing Authority at Diamond Hill in Kowloon. Photo: Sam Tsang

Paul Chan says prime rate increase in Hong Kong is expected in coming months, but scale and pace need not follow US Fed’s move.


Hong Kong to launch HK$5 billion tech fund in August, finance chief reveals

The Hong Kong Science Park in Pak Shek Kok, Sha Tin. Photo: Fung Chang

Paul Chan tells Post government hopes new measures will help future local unicorns reach their full potential.


In an exclusive interview with the South China Morning Post, Hong Kong’s Financial Secretary Paul Chan discusses the city’s annual growth forecast, the currency peg to the US dollar, interest rate hikes, and more.
 


Paul Chan

Series

Hong Kong’s finance chief speaks to the Post

In an exclusive interview with the South China Morning Post, Hong Kong’s Financial Secretary Paul Chan discusses the city’s annual growth forecast, the currency peg to the US dollar, interest rate hikes, and more.

Exclusive | Hong Kong’s finance chief warns annual economic growth forecast could be cut

Exports and investments remain sluggish despite rise in consumption, and strict quarantine rules have been ‘most critical constraint,’ Financial Secretary Paul Chan says.

Exclusive | Decouple Hong Kong’s currency from US dollar? ‘Absolutely not,’ Paul Chan says

Peg is aligned with national strategy and fortifies city’s standing as international financial centre, Paul Chan tells Post in exclusive interview.

Exclusive | Hong Kong will raise interest rates, finance chief says ahead of expected US hike

Paul Chan says prime rate increase in Hong Kong is expected in coming months, but scale and pace need not follow US Fed’s move.

Exclusive | Hong Kong to launch HK$5 billion tech fund in August, finance chief reveals

Paul Chan tells Post government hopes new measures will help future local unicorns reach their full potential.