John Tsang Chun-Wah

John Tsang Chun-wah has served as Hong Kong’s financial secretary since appointed to the position by former chief executive Donald Tsang Yam-kuen in 2007. He was secretary for commerce, industry and technology between 2003 and 2006. He chaired the World Trade Organisation Ministerial Conference in Hong Kong in December 2005.

John Tsang dismisses egg metaphor and draws attention to the power of words via Alice's Adventures in Wonderland and Spiderman

John Tsang: curiouser and curiouser

Financial Secretary John Tsang Chun-wah has hinted it was inappropriate to repeat a famous metaphor to describe the relationship between Hong Kong's residents and the government.

Monday, 11 May, 2015, 5:58am 2 comments

Hong Kong finance chief John Tsang jokes about his track record with budget surplus forecasts

No budget problems while I'm in charge, John Tsang jokes. Photo: Sam Tsang

Financial Secretary John Tsang Chun-wah poked fun at his track record of underestimating Hong Kong's budget surplus, saying that the city wouldn't have to worry about its finances as long as he was in charge.

28 Mar 2015 - 4:54am 1 comment

Message of amah drama lost on finance chief John Tsang

Message of amah drama lost on finance chief John Tsang

John Tsang Chun-wah might have missed his true calling. In his latest weekly blog, our finance chief offers his personal take on the stage production of The Amahs.

9 Mar 2015 - 2:29am 3 comments

If you can't afford a home in Hong Kong, don't buy one, says Financial Secretary John Tsang

If you can't afford a home in Hong Kong, don't buy one, says Financial Secretary John Tsang

If you can't afford it, don't buy it. That was the stark message to potential homebuyers dished out by Financial Secretary John Tsang Chun-wah.

20 Apr 2015 - 12:19pm 59 comments

Wealthy Hong Kong government's poverty of ideas for the people

While John Tsang has outperformed his predecessors in enriching the government, few ordinary folk would share his sense of achievement. Photo: Sam Tsang

Pity Financial Secretary John Tsang Chun-wah, who must be one of the most "jinxed" financial officials in the world. Since he took over the position in 2007, he has been chalking up a fiscal surplus, even when the economy faced the toughest conditions.

1 Mar 2015 - 6:15am 10 comments

Hong Kong's budget surplus underestimated for eighth year in a row

John Tsang's projection is way off the mark - again

Financial Secretary John Tsang Chun-wah continued his unbroken streak of being wrong, revealing for the eighth year in a row that he had inaccurately predicted the city's budget.

26 Feb 2015 - 5:28am 1 comment

Hong Kong budget speech gains John Tsang political traction

John Tsang delivers the budget speech at the Legislative Council. Photo: AP

Financial Secretary John Tsang Chun-wah's latest budget announcement gained him not only rare praise from pan-democrats but buzz that he might be a dark horse candidate in the 2017 chief executive race.

26 Feb 2015 - 5:28am 2 comments

This time, Hong Kong finance chief has done better with his budget

This time, Hong Kong finance chief has done better with his budget

John Tsang Chun-wah has rightly delivered what Hong Kong needs in the wake of the Occupy protests - a budget to help the healing process.

26 Feb 2015 - 12:05pm 5 comments

Mind the gap: how Financial Secretary John Tsang has never got a budget projection right

Financial Secretary John Tsang has yet to get a budget forecast right when it comes to Hong Kong's reserves. Photo: Edward Wong

Since John Tsang became financial secretary in 2007, he has managed an unbroken record of never getting a single budget projection right.

25 Feb 2015 - 4:56pm 11 comments

The sour taste of budget sweeteners

John Tsang's response to budget surpluses has all the gravitas of handing out sweets in a playground. Photo: Dickson Lee

John Tsang Chun-wah has been financial secretary for nearly eight years, but he has yet to learn the purpose of an annual budget.

8 Feb 2015 - 6:44am 7 comments

Jolt from Swiss franc confirms Hong Kong should keep dollar peg: finance chief

Financial Secretary John Tsang says international investors have come to rely on the stability of the Hong Kong system. Photo: Dickson Lee

The shock delivered by the Swiss franc is a good reminder why Hong Kong must not ditch its peg to the US dollar, the city's finance chief said in his weekly blog.

19 Jan 2015 - 9:20am 14 comments

City's finances are still safe with me, says John Tsang

City's finances are still safe with me, says John Tsang

Financial Secretary John Tsang Chun-wah has dismissed concerns his decision to pump billions of dollars into a "housing reserve" goes against his commitment to fiscal prudence.

29 Dec 2014 - 8:08am 11 comments

Hong Kong's financial secretary rejects call to change the currency peg

Don't change the peg, says John Tsang

Hong Kong does not need to change its currency peg to the US dollar, Financial Secretary John Tsang Chun-wah said after the latest suggestion that the government should look to the yuan instead.

2 Nov 2014 - 6:08am 7 comments

Strong government needed to maintain stability, says financial secretary

John Tsang said that although democracy was an important component for political order, strong government and rule of law were indispensible. Photo: Simon Song

Strong government and rule of law are needed to maintain social and political stability, the city’s financial secretary wrote in a blog post on Sunday.

27 Oct 2014 - 12:01pm 36 comments

Occupy protests have hit credit-card spending, warns Financial Secretary John Tsang

Occupy protests have hit credit-card spending, warns Financial Secretary John Tsang

Credit-card spending has plunged as major shopping areas are hit by Occupy protests, the financial secretary says.

20 Oct 2014 - 8:38am 14 comments

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