Hong Kong records HK$2.9 billion consolidated surplus for 2025-26. Here’s how

South China Morning PostEN 1 min read 100% complete by Lam Ka-singFebruary 26, 2026 at 03:01 PM

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Hong Kong has recorded a consolidated surplus of HK$2.9 billion for the 2025-26 financial year, exceeding initial expectations of a HK$67 billion deficit. The city's strong IPO market and bond sales have contributed to its improved financial health. Financial Secretary Paul Chan Mo-po attributed the surplus to robust government revenue from stamp duty on stock transactions. Analysts expect a sustained surplus in the coming years due to a stabilised property market, transfer of funds between government accounts, and new companies entering Hong Kong's market. Economists point to the booming stock market as a key driver of government revenue growth. The city is expected to continue generating higher tax revenues, with experts predicting a compounding effect from these factors.

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Baptist University 50% Hong Kong Shue Yan University 50% Billy Mak Sui-choi 60% Lee Shu-kam 60% Paul Chan Mo-po 70% Hong Kong ×590%

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hong kong 100% surplus 90% ipo market 70% financial health 70% stock market 70% government revenue 60% property market 50% tax revenues 50% paul chan mo-po 40%