Hong Kong’s finance chief has assured the public that the city can manage its debt after proposing the issuance of more bonds to accelerate the development of the Northern Metropolis, expressing confidence in the long-term investment returns from the megaproject. Financial Secretary Paul Chan Mo-po sought to reassure the public during a radio programme on…
Hong Kong’s capital market is likely to experience significant fluctuations this year owing to intensifying geopolitical risks, the city’s finance chief has warned, stressing the need for caution in financial management. Six weeks before the government unveils its annual budget, Financial Secretary Paul Chan Mo-po pledged to consider whether there is scope to adjust child…
Hong Kong authorities have pledged to allocate HK$500 million (US$64.2 million) annually for recurrent expenditure to support carers, including establishing a high-risk family database and installing accident detection systems. Chief Executive John Lee Ka-chiu made this pledge on Wednesday while delivering his annual policy address, which included a range of measures to tackle the city’s…