Hong Kong’s spending should not grow faster than income: Paul Chan

Hong Kong’s spending should not grow faster than its income, even though the city’s finances are improving, Paul Chan Mo-po has said, adding that the market expects the government to invest more to boost the economy. But the finance chief on Sunday also painted a rosy picture for the city’s retail sector, revealing that sales figures for December, set to be released on Tuesday, would show continued growth. Retail sales in November 2025 were provisionally estimated at HK$33.7 billion (US$4.3...

Source: scmp.com at 2/1/2026 9:50:37 AM.

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