Paul Chan, the top finance official of Hong Kong, traveled to Paris, London, Frankfurt and Berlin last September to lure foreign investors.
Last month he abolished taxes on foreigners’ purchases of Hong Kong real estate.
Mr. Chan’s brisk work pace represents an attempt to shore up Hong Kong’s role and image as the financial hub of Asia.
Under its top leader, Xi Jinping, China has asserted greater influence in the past four years over Hong Kong’s laws and prosecutors.
The mainland’s own economic struggles, especially in real estate, have further shaken confidence in Hong Kong as a place to put money.
Persons:
Paul Chan, Xi Jinping
Organizations:
Hong
Locations:
Hong Kong, Paris, London, Frankfurt, Berlin, Asia, Beijing, Hong, China