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Hong Kong Surplus Announced Amid Steady Economic Growth

1/10/2026

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Summary

Story summary

Paul Chan Mo-po, Hong Kong's finance chief, announced an early surplus driven by market performance and stamp-duty revenue.
Speaking at a public forum, Chan said elderly welfare and social-welfare spending had not declined despite a budget deficit last year.
Hong Kong recorded 3.2% economic growth last year, showing steady development despite global challenges.
The government plans to unveil the 2026-27 budget in late February 2026.

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Story summary

Paul Chan Mo-po, Hong Kong's finance chief, announced an early surplus driven by market performance and stamp-duty revenue.
Speaking at a public forum, Chan said elderly welfare and social-welfare spending had not declined despite a budget deficit last year.
Hong Kong recorded 3.2% economic growth last year, showing steady development despite global challenges.
The government plans to unveil the 2026-27 budget in late February 2026.