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Hong Kong's Surplus: Cash Reserves for Economic Resilience

1/31/2026

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Summary

Story summary

Paul Chan Mo-po, Hong Kong's Financial Secretary, says cash reserves are needed to withstand geopolitical shocks and support growth.
He cites a projected HK$43.9 billion (US$5.6 billion) surplus in the government's operating account for the nine months ending December 31.
The economy exceeded expectations last year, helped by exports and a thriving financial market.
He notes residents' calls for incentives but stresses cautious fiscal management and Northern Metropolis infrastructure.

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Story summary

Paul Chan Mo-po, Hong Kong's Financial Secretary, says cash reserves are needed to withstand geopolitical shocks and support growth.
He cites a projected HK$43.9 billion (US$5.6 billion) surplus in the government's operating account for the nine months ending December 31.
The economy exceeded expectations last year, helped by exports and a thriving financial market.
He notes residents' calls for incentives but stresses cautious fiscal management and Northern Metropolis infrastructure.