Hong Kong’s finance chief on Wednesday lived up to his credentials as a chartered accountant when he produced a surprisingly robust budget, flush with surpluses and full of initiatives to be funded through substantial means at his disposal.
One significant initiative is a rare move to dip into the Exchange Fund, the government’s main investment arm and de facto sovereign wealth fund, traditionally used to defend the currency peg to the US dollar, to finance infrastructure development.
The…
Budget reveal: government turns matchmaker with stronger hand in shaping economy
