Asia Sentinel

Asia Sentinel

Hong Kong Prudence Down the Toilet

Our Correspondent
Dec 02, 2015
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The Hong Kong government’s former reputation for fiscal prudence and good budget management is in ruins. The latest bail-out plan for its Mass Transit Railway Corporation entails not only throwing another HK$19.6 billion of public money at the quasi-public rail and property development company but rewarding its shareholders for the company’s incompetenc…

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