Experts in global economics have expressed admiration for Hong Kong's financial resilience. During a recent panel discussion at the Redefining Hong Kong Series 2025: Budget Edition forum, economists highlighted the city's robust fiscal position, noting that it surpasses many developed economies. Tom Holland, deputy global research director at Gavekal Research, emphasized that Hong Kong's financial standing is exceptionally strong, suggesting that finance ministers from Western countries would envy such stability.

The city has experienced consecutive annual deficits over the past three years. Last week, Finance Secretary Paul Chan Mo-po presented the latest budget, revealing an anticipated shortfall of HK$87 billion for the 2024-25 fiscal year. Despite this, Hong Kong's fiscal reserves remain substantial at HK$580.3 billion. Looking ahead, the government plans to issue between HK$150 billion and HK$195 billion in bonds over the next five years to support major public projects, including the development of the Northern Metropolis.

Hong Kong's financial strength lies not only in its significant reserves but also in its strategic planning for future investments. The city's ability to manage deficits while maintaining robust reserves reflects sound fiscal management and long-term vision. This approach underscores the importance of prudent economic policies and sustainable development, which are crucial for ensuring continued prosperity and stability in the face of global challenges.