Passer-sby walk along the waterfront of Hong Kong's commercial Central district February 22, 2002. Hong Kong said it was facing serious budget problems which threatened to wipe out the enormous fiscal reserves, used to back its currency peg to the U.S. dollar, the pillar of financial stability in the territory's extremely open economy, in just seven years.

Hong Kong’s nearly HK$2tr fiscal reserves should be spent, to benefit the people who own them

It’s the Hong Kong people’s money – but is it wise or insane to hold onto so much of it?

TOP PICKS

Passer-sby walk along the waterfront of Hong Kong's commercial Central district February 22, 2002. Hong Kong said it was facing serious budget problems which threatened to wipe out the enormous fiscal reserves, used to back its currency peg to the U.S. dollar, the pillar of financial stability in the territory's extremely open economy, in just seven years.
READ FULL ARTICLE