London Daily

Focus on the big picture.
Sunday, Feb 01, 2026

Hong Kong finance chief tight-lipped on top job ambitions, urges ‘healing as family’

Hong Kong finance chief tight-lipped on top job ambitions, urges ‘healing as family’

Paul Chan urges residents to consider that city has stabilised after recent tumult, and that they stand to gain from raft of opportunities.

Hong Kong has been through a tough two years and while people may have unique reasons for wanting to leave the city, it is time to focus on healing and coming together as a family and putting aside differences, Financial Secretary Paul Chan Mo-po has said.

But even as he made the emotional appeal to Hongkongers troubled by the tumult of recent years, Chan refused to be drawn into discussing whether the city needed a new leader to rebuild ties with residents.

He also steered clear of commenting on whether he would throw his hat into the ring for the leadership race in March during an interview with the Post, stopping short of completely ruling out the possibility.

Financial Secretary Paul Chan (left) meets the media on the release of a report cataloguing Hong Kong’s difficulties in recent years.


The financial chief was responding to questions during a wide-ranging interview where he mounted a stout defence of a recent report he put up cataloguing the city’s difficulties wrought by the 2019 protests, as well as the United States’ perceived suppression of China and its unilateral punitive actions against Hong Kong.

Chan was asked about the wave of emigration after Beijing imposed the sweeping national security law on the city in June last year, as countries such as Britain and Canada introduced new immigration pathways for the city’s residents.

Nearly 90,000 people have left Hong Kong in the past year, latest census data showed, leading to a 1.2 per cent drop in the city’s population. Officials have stressed multiple aspects to be considered, such as people going abroad for work or studies, with inflow limited by stringent border control and quarantine rules amid the coronavirus pandemic.

Family, relatives and friends bid farewell to their loved ones leaving the city at Hong Kong International Airport.


Chan noted it had been a very tough time for Hongkongers over the past two years and the city needed time to heal.

“But I would appeal to them that Hong Kong is our home,” he said. “Just like every family, it can’t be perfect. But by being a member in a family, we care about each other. We embrace each other. We embrace the differences even at times [when we hold] really strong opinions.”

He reminded Hongkongers that emigration was a “really major decision” that not only affected the adults but also children and their parents, adding he hoped residents would consider the fact that the city had returned to stability with ample opportunities ahead.

“If they choose to stay here, they will be able to benefit from this upside,” he added.

Asked about the same issue of emigration by the media earlier, Chief Executive Carrie Lam Cheng Yuet-ngor, had described it as “not a big problem” and that her administration would recruit talent from the mainland and overseas to maintain Hong Kong’s status as an “international city”.

She also said that she had heard “miserable” stories of people who failed to adapt in other countries, adding she believed that those who left Hong Kong would eventually realise how good the city was.

In his interview with the Post, Chan refused to say whether an empathetic approach was needed for the city’s chief executive in healing the social divide, or whether he would enter the race for the top job, to be held in March.

Protesters set fire on roads during a mass rally in October 2019.


The unprecedented report Chan released last Monday, in which he hailed the Beijing-imposed national security law for helping restore order while declaring that Hong Kong was now back on track offering “unlimited room for future development”, had sparked speculation in some quarters that it was an attempt to position himself for a shot at higher office.

Chan was quick to dismiss the report as having anything to do with the chief executive election, stressing that Lam was “totally aware” of his paper and had approved its release in the week before she would deliver her final policy address for this term.

Asked repeatedly whether he would at least rule out the possibility of running, he said: “I really do not want to comment on that.”

So far, no candidate, including incumbent leader Lam, has indicated their intention to stand in the race.

Meanwhile, Chan also weighed in on a recent media report which suggested that Beijing had told a number of property tycoons to do more to help ease the city’s housing woes.

Asked if the city’s property developers had done enough on that front, Chan said they were not “homogeneous”.

“There is a social responsibility that they need to take care of, not just the CSR [corporate social responsibility] activities, but also their way in conducting business, and [whether] they are dealing fairly with their customers,” he said.

But he refrained from commenting on the new non-profit social housing enterprise, launched by New World Development last week, that sought to come up with strategies that would allow Hongkongers to own their own flats.

While welcoming the idea, Chan said it was “inappropriate” for him to comment on initiatives launched by individual companies.

Newsletter

Related Articles

0:00
0:00
Close
New Epstein Files Include Images of Former Prince Andrew Kneeling Over Unidentified Woman
Starmer Urges Former Prince Andrew to Testify Before US Congress About Epstein Ties
Starmer Extends Invitation to Japan’s Prime Minister After Strategic Tokyo Talks
Skupski and Harrison Clinch Australian Open Men’s Doubles Title in Melbourne
DOJ Unveils Millions of Epstein Files, Fueling Global Scrutiny of Elite Networks
France Begins Phasing Out Zoom and Microsoft Teams to Advance Digital Sovereignty
China Lifts Sanctions on British MPs and Peers After Starmer Xi Talks in Beijing
Trump Nominates Kevin Warsh as Fed Chair to Reorient U.S. Monetary Policy Toward Pro-Growth Interest Rates
AstraZeneca Announces £11bn China Investment After Scaling Back UK Expansion Plans
Starmer and Xi Forge Warming UK-China Ties in Beijing Amid Strategic Reset
Tech Market Shifts and AI Investment Surge Drive Global Innovation and Layoffs
Markets Jolt as AI Spending, US Policy Shifts, and Global Security Moves Drive New Volatility
U.S. Signals Potential Decertification of Canadian Aircraft as Bilateral Tensions Escalate
Former South Korean First Lady Kim Keon Hee Sentenced to 20 Months for Bribery
Tesla Ends Model S and X Production and Sends $2 Billion to xAI as 2025 Revenue Declines
China Executes 11 Members of the Ming Clan in Cross-Border Scam Case Linked to Myanmar’s Lawkai
Trump Administration Officials Held Talks With Group Advocating Alberta’s Independence
Starmer Signals UK Push for a More ‘Sophisticated’ Relationship With China in Talks With Xi
Shopping Chatbots Move From Advice to Checkout as Walmart Pushes Faster Than Amazon
Starmer Seeks Economic Gains From China Visit While Navigating US Diplomatic Sensitivities
Starmer Says China Visit Will Deliver Economic Benefits as He Prepares to Meet Xi Jinping
UK Prime Minister Starmer Arrives in China to Bolster Trade and Warn Firms of Strategic Opportunities
The AI Hiring Doom Loop — Algorithmic Recruiting Filters Out Top Talent and Rewards Average or Fake Candidates
Amazon to Cut 16,000 Corporate Jobs After Earlier 14,000 Reduction, Citing Streamlining and AI Investment
Federal Reserve Holds Interest Rate at 3.75% as Powell Faces DOJ Criminal Investigation During 2026 Decision
Putin’s Four-Year Ukraine Invasion Cost: Russia’s Mass Casualty Attrition and the Donbas Security-Guarantee Tradeoff
Wall Street Bets on Strong US Growth and Currency Moves as Dollar Slips After Trump Comments
UK Prime Minister Traveled to China Using Temporary Phones and Laptops to Limit Espionage Risks
Google’s $68 Million Voice Assistant Settlement Exposes Incentives That Reward Over-Collection
Kim Kardashian Admits Faking Paparazzi Visit to Britney Spears for Fame in Early 2000s
UPS to Cut 30,000 More Jobs by 2026 Amid Shift to High-Margin Deliveries
France Plans to Replace Teams and Zoom Across Government With Homegrown Visio by 2027
Trump Removes Minneapolis Deportation Operation Commander After Fatal Shooting of Protester
Iran’s Elite Wealth Abroad and Sanctions Leakage: How Offshore Luxury Sustains Regime Resilience
U.S. Central Command Announces Regional Air Exercise as Iran Unveils Drone Carrier Footage
Four Arrested in Andhra Pradesh Over Alleged HIV-Contaminated Injection Attack on Doctor
Hot Drinks, Hidden Particles: How Disposable Cups Quietly Increase Microplastic Exposure
UK Banks Pledge £11 Billion Lending Package to Help Firms Expand Overseas
Suella Braverman Defects to Reform UK, Accusing Conservatives of Betrayal on Core Policies
Melania Trump Documentary Sees Limited Box Office Traction in UK Cinemas
Meta and EssilorLuxottica Ray-Ban Smart Glasses and the Non-Consensual Public Recording Economy
WhatsApp Develops New Meta AI Features to Enhance User Control
Germany Considers Gold Reserves Amidst Rising Tensions with the U.S.
Michael Schumacher Shows Significant Improvement in Health Status
Greenland’s NATO Stress Test: Coercion, Credibility, and the New Arctic Bargaining Game
Diego Garcia and the Chagos Dispute: When Decolonization Collides With Alliance Power
Trump Claims “Total” U.S. Access to Greenland as NATO Weighs Arctic Basing Rights and Deterrence
Air France and KLM Suspend Multiple Middle East Routes as Regional Tensions Disrupt Aviation
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
Poland delays euro adoption as Domański cites $1tn economy and zloty advantage
×