Word: tsang
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...cannot undertake this mission alone. This is a partnership, a partnership project I have with the people of Hong Kong.' DONALD TSANG, following his March 25 re-election as Hong Kong's Chief Executive. The election-in which only a committee of 795 business and community leaders could vote-has been criticized for denying universal suffrage to Hong Kong's citizens
...TIME: What city do you benchmark Hong Kong against? TSANG: As an international financial center, there are only two global benchmarks for Hong Kong: New York and London. Other places cannot compare with us. You look at the basic fundamentals to be an international financial center. Dubai doesn't come into the [picture] at all. Singapore doesn't come into it. It still hasn't got the freedoms we enjoy. Benchmarks must be above you, ahead...
...TIME: How does being a part of China affect Hong Kong's standing? TSANG: It helps that we have a huge hinterland growing at a phenomenal rate. We generate a lot of services that cannot be provided by the mainland; it relies heavily on what Hong Kong can do in terms of ipos, banking, trading. So we have benefited enormously from the fact that we are now part of the Chinese nation. But even though we are No. 1, AAA, in terms of, say, infrastructure, rating agencies like Moody's and Standard & Poor's give us AA because...
...TIME: What about the perception that China's not totally free, that there are human-rights abuses, that it's a one-party state? TSANG: In terms of our goal as an international financial center, it highlights our importance, our uniqueness, in the nation. [International] business must be conducted in a place that has all the financial hardware and software, and the legal system, and the freedoms that those require. Those assets can only be found in Hong Kong...
...Competitiveness. Hong Kong wants desperately to be a global financial center, but it is hampered by outdated policies. The Chief Executive, Donald Tsang, and the vested interests that support him believe economic growth requires the constant pouring of concrete. That's so last century. A great city consists of not just bricks and mortar but green lungs and vibrant culture. The expatriates who staff the investment banks and hedge funds in Hong Kong are tempted not just by money but by quality of life. That's why clean, green Singapore is such a constant threat to Hong Kong...