John Tsang (left) and Secretary for Financial Services and the Treasury Chan Ka-keung meet the press. Photo: Dickson Lee

Hong Kong launches rainy-day fund despite prediction of HK$950b reserves by 2020

Despite massive reserves, finance chief launches a fund to prepare for a deficit in 10 years' time and raises prospect of a tax on goods and services

Topic |   Hong Kong Budget 2015-2016

TOP PICKS

John Tsang (left) and Secretary for Financial Services and the Treasury Chan Ka-keung meet the press. Photo: Dickson Lee
READ FULL ARTICLE
Olga Wong

Olga Wong

Olga Wong has focused on covering the environment, housing, urban planning and the ageing population at the Post since 2007. Her award-winning stories exposed loopholes in the Small House Policy and developers' unscrupulous sales tactics. She also worked at Ming Pao and was awarded the Best Young Reporter by the Newspaper Society of Hong Kong in 2001.

Jeffie Lam

Jeffie Lam

Jeffie writes predominantly about Hong Kong politics, but is also interested in social welfare issues, such as the city's ageing population and elderly care. She joined the Post in 2013 after beginning her career as a political reporter in 2009. In 2016, she won the English features merit prize in the 20th Human Rights Press Awards.