Unnecessary To Fixate On Singapore: CY Leung
"); jQuery("#212 h3").html("

"); });
2023-01-28 HKT 13:26
Hong Kong's Covid quarantine policies have led to talent and corporations temporarily moving away from the SAR to Singapore, former Chief Executive CY Leung said on Saturday, adding that people should not fixate on the Lion City.
The territory has sought to stem a brain drain with a new visa scheme to woo global talent, unveiled by city leader John Lee in his policy blueprint. Singapore also launched a similar scheme to lure foreign talent.
On a Commercial Radio programme, Leung said the exodus of talent to the city-state was brief.
"How many more immigrants can [Singapore] attract to help with its economic development without causing resentment among its people?" Leung questioned.
"We should mind our own business. We have quite a lot of opportunities for development on the mainland...I think it's not necessary to keep mentioning Singapore. It has its own development opportunities, and we have ours," he added.
Leung also urged people visit the mainland as soon as possible to catch up and learn about its latest developments, following the resumption of quarantine-free, cross-border travel.
He said people should see for themselves how rapid the mainland's development has been over the past few years, instead of simply reading or hearing about it in Hong Kong.
Leung added that he would lead a delegation of 80 people to visit Nansha, which he hoped could lead to an "explosive development" in Hong Kong and Guangdong Province.
XTransfer Partners With Bank SinoPac HK To Expand Cross-Border Payment Services
XTransfer has entered into a collaboration with Bank SinoPac, through its Hong Kong Branch, to expand international ope... Read more
Standard Chartered To Launch Bitcoin And Ethereum Custody Services By 2026
Standard Chartered Bank (Hong Kong) participated in Hong Kong Fintech Week 2025 (HKFTW25) as a strategic partner, annou... Read more
HashKey And Kraken Form Partnership On Institutional Tokenised Assets
HashKey and Kraken have announced a strategic partnership to promote institutional adoption of tokenised assets. The co... Read more
Reap Expands Global HQ With New Office In Hong Kong
Reap, a global fintech company providing stablecoin-enabled financial infrastructure, has expanded its global headquart... Read more
HeyMax Debuts In Hong Kong, Partnering With Cathay To Drive Regional Growth
Loyalty and travel rewards platform HeyMax has made its first international launch in Hong Kong, partnering with Cath... Read more