Source:
https://scmp.com/comment/insight-opinion/article/1412629/good-policies-not-scare-stories-are-expected-john-tsang-and
Comment/ Opinion

Good policies, not scare stories, are expected of John Tsang and company

Philip Bowring says the financial secretary's dire warning about Hong Kong's depleting reserves only masks official incompetence in tackling the city's key challenges

Financial Secretary John Tsang Chun-wah

The worst senior appointment made by Chief Executive Leung Chun-ying was the retention of John Tsang Chun-wah as financial secretary. In his first five years in the job, Tsang exhibited widely inaccurate budget forecasts and, worse, presided over a series of mini-measures and one-off handouts of cash, rate rebates and the like that exacerbated the imbalances in the fiscal system.

Tsang is the epitome of the all-change-is-dangerous mentality of top bureaucrats.