Hong Kong budget must be ‘prudent’, balance social needs and reserves: Paul Chan

Hong Kong must exercise fiscal prudence, carefully weighing social needs while maintaining adequate reserves to guard against unforeseen circumstances, the finance chief has said as he outlined the principles of the budget he will deliver on Wednesday. Financial Secretary Paul Chan Mo-po on Sunday also revealed the purple cover of the coming 2026-27 budget, saying the colour symbolised Hong Kong’s strengthening economic momentum amid a volatile external environment. The remarks came as the ci...

By Oscar Liu