Finance chief remains confident in HK's competitive advantages

HONG KONG (China Daily/Asia News Network): Hong Kong’s “clear” competitive advantages in financial services, equity markets and green finance are expected to create new opportunities for the city’s development, the city’s finance chief said.

In a post on his official blog on Sunday (Oct 9), Financial Secretary Paul Chan (pic) expressed confidence in the city’s status as a key financial center, even as Singapore passed Hong Kong to take third place in the 32nd edition of the “Global Financial Centres Index”, with Hong Kong slipping to fourth.