Hong Kong Booming

Why are Hong Kong's markets booming? a correspondent asks.

Tsang estimated the budget surplus would reach a record 115.6 billion dollars (14.8 billion US) in the fiscal year to March, four and a half times the government's forecast and nearly twice as much as last year's figure.

The territory's fiscal reserves will reach 484.9 billion dollars, he said.

Tsang attributed the surplus to higher-than-expected tax revenues from the city's booming stock and property markets as well as company profits and salaries.

Couldn't be because they are not facing a 3.5 trillion dollar tax increase in the coming years?