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

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