H.K. Financial Secretary on HSI Revamp, Economic Recovery

Mar.02 — Hong Kong Financial Secretary Paul Chan discusses the revamp of the Hang Seng Index, stamp duty on stock trades, retaining the Asian financial hub’s competitiveness, health of the city’s budget and potential SPAC listings. Chan announced the city’s 2021 budget on Feb. 24, outlining HK$120 billion of fiscal support to spur consumption and ease joblessness. He spoke in a 30-minute conversation with Bloomberg’s Chief North Asia Correspondent Stephen Engle.

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