Industrialist Ngai Siu-kit's hopes of a third unopposed victory have been dashed by first-time contender Lui Ming-wah.
But Mr Ngai, 74, maintains he is the right person to represent the Industrial (Second) constituency.
'Who dares say I have not been competent over the years? I'm more than competent,' he said after handing in his nomination yesterday.
The honorary president of the Chinese Manufacturers' Association grabbed 95 per cent of the votes in his first battle in 1985.
He was unopposed in 1988, elected with 56 per cent support in the following term and returned uncontested again in 1995.
'I have 99.99 per cent confidence of winning,' Mr Ngai said, but would not be drawn on his 60-year-old rival's strengths.
Dr Lui, vice-president of the association, said last night he was in a better position to advise on industrial development.