Financial Secretary Paul Chan Mo-po has announced an array of industry spending and relief measures in Hong Kong’s budget, in response to the city’s quicker-than-expected return to a surplus of HK$2.9 billion (US$370.8 million) in its consolidated account.
In a two-hour address to the Legislative Council on Wednesday, Chan pledged substantial government support and investment in major development projects and key industries, such as the artificial intelligence (AI), intellectual property (IP)…