Singapore

Lam Heng Chi, the Hong Kong famous columnist, said that Chief Executive Donald Tsang learned the wrong lesson from Singapore. Instead of the experience of training political talents, Singapore's management system of foreign currency reserve is something we should learn. According to his calculation, the investment company that handles Singaporean government's foreign currency reserve achieves an annual gain rate as high as 9.5%. Since 1997, Hong Kong's foriegn currency reserve has increased only at 3.65% each year, from 90 billion to 120 billion.