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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.
The MTR fined nearly 4,300 people for misusing the fare scheme in the nine months through February, while the Transport Department inspected buses and ferries across 650 routes.
As the cost of the subsidy for senior citizens rises with the city’s ageing population, it is important to ensure penalties are a sufficient deterrent and that they are enforced.
City push for regional green fuel bunkering centre will offer incentives to vessel owners and industry to be more environmentally friendly.
But spending is very much about the future, and how well the city fares at achieving its objective will not be clear for a long time.
Even though the city is in a stronger position now than in recent years, the prevailing crisis of confidence must not be ignored.
Closer look at expectations of Financial Secretary Paul Chan and message from Lunar New Year fortune stick ritual recall spirit of city and why it should never give up as it tackles challenges ahead.
- Financial Secretary Paul Chan says HK$300 million measure to create enterprise version of existing iAM Smart platform will help companies streamline processes
- Firms will be able to sign documents digitally and make payments for government services, among host of other features, on platform expected to launch in 2026
Financial Secretary Paul Chan touts importance of supporting data flows during two-day summit bringing together business leaders to discuss digital economy.
HSBC plans to host another global investment summit in the city early next year after this year’s sell-out inaugural conference drew 3,500 attendees, an overwhelming success in proof that ‘Hong Kong is back’.
The future of China’s economic growth depends on strong innovation in the technology sector and – despite the current headwinds – investors would be wrong to sleep on the country’s potential, industry leaders says.
Lingnan University research team says most of the film and TV industry workers face fragmented employment patterns, which make it difficult for them to seek fairer treatment.
Financial secretary says business confidence hurt amid changed spending habits, pledges to provide more help for small and medium-sized firms.
Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.
‘Impact Link’, or iLink, underscores Hong Kong’s determination to harness its strengths and resources to drive positive change and to assist family offices in using ‘wealth for good’, Financial Secretary Paul Chan says.
City’s finance chief and California’s secretary for environmental protection Yana Garcia call for political differences to be put aside at a University of Hong Kong forum.
Hong Kong’s ambitions of establishing itself as a global technology and research hub received a shot in the arm on Friday after two companies announced expansion and investment plans for the city.
Organised by the Financial Services and the Treasury Bureau and InvestHK, the summit will centre around four key topics: luxury and legacy, green technology, philanthropy and wealth legacy.
Firms join 30 others announced last year in push by Office for Attracting Strategic Enterprises, as city leader touts HK$40 billion investment and 13,000 jobs.
City’s biggest bank and start-up hub aim to build ‘international fintech corridor’ to further Hong Kong’s goal of being an international hub for such technology.
Fewer than 20 people visit authority’s Cheung Sha Wan office on first day of sale for flats at eResidence Tower 3 in Hung Hom.
Chan says new or expanded firms, together with 30 companies that made similar moves last year, will invest more than HK$40 billion in the city and create 13,000 jobs.
Tobacco and Alcohol Control Office staff catch 14-year-old distributing ‘huge stack’ of smoking advertising leaflets from his backpack.
Readers question the rationale behind the removal of stamp duties intended to cool the property market, and point to the benefits of the measure.
Finance chief also says country’s push to open ‘its door wider’ to world will allow Hong Kong to use exhibitions on mainland to promote its own events.
Most visitors say levy will not deter them from flying to Hong Kong, but others in sector are concerned it is coming too soon after city reopens from Covid.
Speaking at the Post’s ‘Redefining Hong Kong: Budget Edition’ event, finance chief Paul Chan says he does not want society to be unduly anxious given pressures facing the city.
The mega event week reflects the Hong Kong government’s heightened efforts to buttress the city’s status as an international financial hub.
Financial Secretary Paul Chan urges institutions such as West Kowloon Cultural District Authority to look into different options to make ends meet.
Secretary for Commerce Algernon Yau says it is crucial to explore ways for Hong Kong brands to be prominently featured on mainland platforms.
Former finance minister Henry Tang defends government plan to issue HK$120 billion in bonds to cover recurring expenses after successor warns against measure.
The removal of all property sector cooling curbs in Hong Kong has sparked immediate interest among mainland Chinese buyers, who still perceive real estate in the city as a lucrative investment option, industry insiders said.
Finance chief also issues rejoinder after predecessor slams bond issuance proposal in new budget, says past administration failed to boost land supply at the time.
