Michael Wong Wai-lun

Michael Wong Wai-lun is the Deputy Financial Secretary of Hong Kong. He is currently newsworthy due to his central role in managing the government's response to the deadly Tai Po fire at Wang Fuk Court. Wong has been responsible for unveiling and explaining the government's long-term resettlement plan for the affected residents. This plan involves the government buying back the fire-damaged flats at a price of HK$8,000 to HK$10,500 per square foot, costing approximately HK$6.8 billion. He has also addressed concerns about the fairness of the buy-back offer and warned that the acquisition price would be significantly lower if the government is forced to use legislation to acquire the remaining properties. Wong has also stated that displaced residents will continue to receive an annual rental subsidy of HK$150,000 until they are rehoused. His involvement is significant as it addresses the immediate and long-term needs of thousands of residents affected by the disaster and involves a substantial commitment of public funds.