Financial Secretary Paul Chan said that without the transfer of the housing reserve “people cannot see the whole picture of our financial strength.” Photo: Sam Tsang

Financial Secretary Paul Chan defends move to return HK$82 billion housing fund to Hong Kong’s coffers

  • Critics blast transfer as a financial trick to gloss over budget shortfalls, with one lawmaker asking ‘Where is the integrity?’
  • Reserve was established in 2014 to fund the development of public housing and other civic infrastructure
Topic |   Hong Kong Budget 2019-2020

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Financial Secretary Paul Chan said that without the transfer of the housing reserve “people cannot see the whole picture of our financial strength.” Photo: Sam Tsang
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