Hong Kong must issue bonds as public works drive capital account deficit: Paul Chan

Hong Kong’s heavy investment in public works will keep its capital account at a deficit, highlighting the need for bond issuances to fund critical infrastructure and long-term development, the finance chief has said. Financial Secretary Paul Chan Mo-po also revealed on Sunday that the next annual budget would be delivered on February 25. Looking at the current budget, he said that core spending on education, healthcare and social welfare accounted for nearly 60 per cent, even as higher stamp...