John Tsang: Finishing as he began – cautiously

Hong Kong's ex-financial secretary wants a promotion to the job of chief executive. In our ranking of finance ministers, his hoarding of reserves leaves him near the relegation zone.

Before stepping down at the end of last year, John Tsang Chun-wah became Hong Kong’s longest-serving financial secretary, holding the job for nine years. He stuck to the same cautious approach right to the end.

He ranks 8th out of 10 in our annual Finance Minister of the Year study, down from his 5th-place finish last year.

Hong Kong is known for recording a budget surplus every year and last year was no different. Driven by net income of $30 billion, Hong Kong’s fiscal reserves reached an all-time high of HK$835 billion as of the end of March 2016, and further extended to HK$908.3 billion...

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