HK's advantages

Noting Hong Kong has its advantages and special features, Mr Tsang said he will not copy Singaporean policies direct, adding that it is important Hong Kong is not complacent and conservative, and that people should plan strategically and act practically. He called on the community to discuss all issues in a fair, objective manner, and that important topics should not drag on.

On universal suffrage, Mr Tsang reiterated the issue requires the consensus of the whole community and it is time to forward different proposals for the public to consider. He will make a conclusion in the middle of next year and submit a proposal to the Central Government. He hopes people from different sectors and political parties air their views so that opinions can be garnered and a proposal formulated to gain support from two-thirds of lawmakers.

Sales tax

Mr Tsang said the Government will only implement policies conducive to Hong Kong's long-term prosperity, adding the goods and services tax will not be imposed regardless of the community's wish. However, he said there is a need to review Hong Kong's taxation system to meet future challenges. A consultation on reform to broaden the tax base will launch tomorrow. For details click here.

During Mr Tsang's visit he briefed Singapore's business leaders on Hong Kong's economic situation and improving business environment. He also called on senior Singaporean government officials.