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In September 1995, Tsang was appointed Financial Secretary, becoming the first Chinese to hold the position in 150 years of colonial history. He went on to become the first Financial Secretary in the Hong Kong Special Administrative Region on 1 July 1997.
In 1995 Tsang was appointed financial secretary of Hong Kong. During the Asian financial crisis of 1997–98, it was Tsang who made the decision to invest billions of dollars of public funds in the stock and futures markets in an effort to help strengthen the Hong Kong dollar.
- The Editors of Encyclopaedia Britannica
During his six-year tenure as Financial Secretary, Mr Tsang steered Hong Kong through the Asian financial crisis that swept across the region in 1997 and 1998. He later masterminded rigorous reforms to enhance the local financial infrastructure.
Jun 12, 2000 · When Tsang was appointed to his post, he became the city's first non-British finance secretary in 153 years. Known for his trademark bow ties, he is a Hong Kong native who received a master's...
Jun 21, 2005 · The declaration of Donald Tsang as unopposed winner of the race to become Chief Executive of the Hong Kong Special Administrative Region (SAR) on June 16, succeeding Tung Chee-hwa, was the culmination of events dating back almost exactly two years, to July 1, 2003.
Jul 1, 2022 · FILE - A protester raises an umbrella and placard reading: “I want genuine universal suffrage” to protest as former Hong Kong Chief Secretary Carrie Lam, center, declares her victory in the chief executive election of Hong Kong while former Financial Secretary John Tsang, left, and retired judge Woo Kwok-hing stand with her in Hong Kong on ...
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Mar 25, 2007 · After a succession of trade and economic roles, he was appointed financial secretary in 1995 - the first Chinese person to hold the position. It was in this role that he chose to intervene in...
