Paul Chan defends budget strategy as Hongkongers slam lack of ‘sweeteners’

Hong Kong’s finance chief has defended his budget against public criticism over the lack of “sweeteners”, stressing the government must balance its finances with long-term investments for the city’s benefit. Financial Secretary Paul Chan Mo-po said during a radio forum on Thursday he would brief credit-rating agencies and the International Monetary Fund next month on his budget, including a proposed HK$150 billion (US$19.2 billion) transfer from the Exchange Fund to support infrastructure...

Source: scmp.com at 2/26/2026 5:58:26 AM.

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