Hong Kong’s Leung Retains John Tsang as Finance Secretary
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Hong Kong Chief Executive-elect Leung Chun-ying retained John Tsang as financial secretary in his government, which takes office on July 1, as he seeks to ensure a stable transition amid global economic uncertainty.
“In the coming years, our globalized economy will be undoubtedly clouded by uncertainties and we in Hong Kong face unprecedented challenges,” Tsang said at a press conference. “I shall abide by the principle of prudent financial management.”