Rainy days and a ‘listening ear’: did Hong Kong’s finance chief deliver in his budget address?

It has been the catchphrase of Hong Kong’s finance chiefs since the city returned to Chinese rule that the government should save surpluses in the public coffers for a “rainy day”.The city is now facing not just any “rainy day” but is battling a tsunami of infections unleashed by the fifth wave of the coronavirus. Such hard times require extraordinary strategies and Financial Secretary Paul Chan Mo-po on Wednesday did not disappoint, analysts said.Confronted by what he described as “the hardest…

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