Hong Kong’s leader, Donald Tsang, promised to take bold, aggressive actions to keep the Hong Kong economyand stock market strong.
Tsang plans to increase oversight of the financial sector, start new major infrastructure projects, raise the minimumwage, and use government money to prop up the stock market.
“When the market fails, the government should be prepared to intervene in a timely and decisive manner. The marketis not omnipotent. Intervention is not necessarily an evil.”
