Hong Kong needs more than tax cuts to match its maritime rivals
If Singapore is able to centralise planning around marine, maritime, financial, insurance, and legal industries then Hong Kong must follow suit if it wants to maintain a competitive edge in the shipping world
Hong Kong must get to grips with the fact that although cutting taxes and red tape is attractive to international business, if it wants to emulate the success of Singapore, it must mimic its centralised maritime planning to keep luring in shipping-associated industries
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