Anisha Bhaduri

1 month ago | chinadailyasia.com | Anisha Bhaduri

Hong Kong's Financial Secretary Paul Chan Mo-po referenced the city's growing economy while announcing a "reinforced version" of the government's fiscal consolidation program targeting reduction of recurrent expenditure by seven percent through 2027-28. With the city’s budget deficit in the red for the third year in a row, the financial secretary said the level of deficit will decline year‑on‑year from 2026‑27 onwards.

1 month ago | chinadailyhk.com | Anisha Bhaduri

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Jan 9, 2025 | chinadailyasia.com | Anisha Bhaduri

An International Monetary Fund review concluded that Hong Kong's economy was on a path to recovery and envisaged a real Gross Domestic Product growth of 2.7 percent in both 2024 and 2025.

Oct 15, 2024 | chinadailyhk.com | Anisha Bhaduri

Hong Kong Chief Executive John Lee Ka-chiu speaks while holding a copy of the 2024 Policy Address during a press conference ahead of a weekly Executive Council meeting in Hong Kong on Oct 15, 2024. (ADAM LAM / CHINA DAILY)HONG KONG – Hong Kong Chief Executive John Lee Ka-chiu started the third policy address of his five-year term at 11 am at the Legislative Council on Wednesday with a stress on reform and prosperity.

Feb 27, 2024 | chinadailyhk.com | Anisha Bhaduri

HONG KONG – Hong Kong's Financial Secretary Paul Chan Mo-po opened his budget speech at the Legislative Council on Wednesday stressing the need to strengthen the momentum of Hong Kong's economic recovery. He noted changing consumption patterns and a shift in inbound visitors' preferences as he pledged to adopt strategies to narrow the government's fiscal deficit progressively. READ MORE: Gradual recovery dawns for HK, says Chan