Financial Secretary | The Government of the Hong Kong Special Administrative Region Brand Hong Kong - Asia's world city
GovHK 繁體版 簡体版
Search Search Site Map Contact UsDefault Font SizeLarger Font SizeLargest Font Size
* *
Home
Role
Biography
Press Releases
Major Speeches
Contact Us
Useful Links
My Blog
Photo Gallery
Videos
Level Double-A conformance, W3C WAI Web Content Accessibility Guidelines 2.0
Web Accessibility Recognition Scheme
Welcome Message
Report on the Work of the Current-term Government in its Second Year
Occupy Movement  Government Response
Johnny Blogger
Public Consultation for 2015 Policy Address and 2015-16 Budget
Task Force on Economic Challenges
Public Consultation Exercise - Renewal of Analogue Sound Broadcasting Licences of CRHK and Metro
Youth.gov.hk

Mr John Tsang Chun-wahWelcome to my website.

We are now engaged in a new global economic order. On the one hand, economies of the whole world are being confronted by conflicts on three fronts, namely "currency", "trade" and "geopolitics". On the other hand, the world's economic balance is shifting to Asia. There are many challenges, but also ample opportunities for an open and small economy like Hong Kong. We need to be vigilant against possible downside risks while capitalising on our unique advantages in taking Hong Kong's economy to new heights

In the coming years, I shall focus on three areas:

First, on public finance, I shall, in accordance with the Basic Law, abide by the principle of keeping expenditure within the limits of revenues in drawing up our Budget, and strive to achieve fiscal balance. In response to the needs of the public, I shall dedicate our resources flexibly, where justified and needed, and invest in our society and economy in preparation for future changes.

Second, on economic development, I shall help foster economic integration with the Mainland while preserving the internationally competitive business environment in Hong Kong. I shall continue to lend support to traditional pillar industries by fostering new growth areas and exploring new markets. We shall also diversify our economic base and employment choices by supporting the development of new industries.

Third, on land supply, I shall continue with my coordination work in the implementation of the Chief Executive's overall plans to increase land and housing supply and create a land reserve, thereby maintaining the stable supply of residential properties. We shall also aim to provide adequate land resources for different industries in support of further development of economic activities.

To take forward initiatives in these areas consistent with the need of our community, I welcome your views. I shall continue to share with you my thoughts and ideas through my blog. Please drop me a line by means of email or any other channel.

Thank you!

John C Tsang

Financial Secretary
 
 
 
*