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Paul Chan Mo-po

Paul Chan Mo-po is Hong Kong's financial secretary. An accountant and the former president of the Hong Kong Institute of Certified Public Accountants (HKICPA), he was appointed development secretary by Chief Executive Leung Chun-ying after the resignation of Mak Chai-kwong following a housing allowance scandal. In July 2013, Chan was accused of a conflict of interest when it was revealed that he or his family had an interest in a plot of land in the New Territories that the government had plans to develop. In January 2017, he was named to his current position.

Paul Chan Mo-po should resist the temptation to splash the cash in his first budget, and instead look to the long term. Photo: K. Y. Cheng

A wise budget for a better future

On Wednesday, Financial Secretary Paul Chan Mo-po will present the government’s budget to the Legislative Council. What will set it apart from previous ones is that it will be the maiden budget of a new finance minister in an outgoing administration.