Hong Kong Launches Rainy-day Fund Despite Prediction Of HK$950b Reserves By 2020 By 201920, the fiscal reserves are predicted to reach HK$950 billion, enough to cover 22 months of the government’s projected expenditure.

However, Finance Secretary John Tsang’s working group on longterm fiscal planning has warned that HK could face a structural deficit by 202223 due to an ageing population. The group proposes to set up a “future fund” for a rainy day, to be used if HK’s reserves drops to a critical level.