Hongkong Post's Financial Woes Spark Debate on Public Service Status

Can Hongkong Post be saved or should it become a taxpayer-funded public service?

Hongkong Post’s worsening financial situation may require not only an injection of funds but also a return to being a government-funded department providing basic public services, observers have said. The analysts’ views follow the authorities’ plan to inject HK$4.6 billion (US$587 million) as a lifeline to support Hongkong Post’s operations over the next three years, amid similar losses faced by postal operators worldwide. Hongkong Post has operated on a self-funding basis since 1995, follow...

By Leopold Chen