"It's a positive and balanced budget, and it basically covered most of the people in Hong Kong and industries," said Jeremy Choi, tax partner with PwC, in a phone interview. The investments in research and development are encouraging, with Hong Kong starting to catch up with competitors such as Singapore, he said. The budget comes after Hong Kong's fastest economic growth in six years spurred calls to share more of the wealth with those in need, particularly as the city's property market - the world's most expensive - has put home ownership out of the reach of many.

Source: Irish Independent March 01, 2018 02:26 UTC