News Snapshot:
BUDGET SPEECH. Hong Kong's Financial Secretary Paul Chan delivers the annual budget address at the Legislative Council in Hong Kong, February 22, 2023. Hong Kong will issue vouchers worth HK$5,000 ($637) per person to all adults in 2023, half the amount issued in 2022 HONG KONG – Hong Kong is set for back-to-back deficits but will give cash handouts and offer some help to first-time home buyers to help the economy recover from prolonged COVID-19 restrictions, the city’s government announced in its budget on Wednesday, February 22. The global financial hub expects to record a deficit of HK$140 billion ($17.8...
