After grossly underestimating Hong Kong’s surplus for eight years in a row, Financial Secretary John Tsang Chun-wah gave a more accurate figure this year during Wednesday’s 2016 budget speech. In previous years, he received much criticism for failing to utilise Hong Kong’s massive reserves effectively. In 2015, it was estimated that the surplus would be HK$36.8 billion. … Continue reading Financial Secretary John Tsang finally gets his surplus estimate (almost) right