Chan began by saying that recent geopolitical tensions have suggested onshoring, reshoring and friendshoring, but regardless of the situation, a partnership with China cannot be ignored.
The rivalry between Singapore and Hong Kong as Asia’s business hub is a “sexy topic” that “always gets to be on the front page of the media”, but the two cities have to collaborate in order to benefit in the long term, says Hong Kong’s Financial Secretary Paul Chan Mo-po.
Chan was speaking at a public lecture at the Lee Kuan Yew School of Public Policy on March 29, on the topic of Hong Kong and Asean economic partnerships in the post-Covid-19 era. This is his first diplomatic trip since Hong Kong lifted its travel restrictions last December.
