HONG KONG Feb 22 Hong Kong's provisional budget
surplus hit HK$92.8 billion ($11.96 billion) for the 2016/17
financial year, and its economy is expected to expand 2 to 3
percent in 2017 amid more favourable than expected conditions.
Financial secretary Paul Chan also said in his maiden annual
budget address on Wednesday that a strong job market and rising
wages had bolstered consumer confidence that would feed into the
economy, though high property prices continued to be an issue.
Chan recently replaced longstanding financial secretary John
($1 = 7.7613 Hong Kong dollars)
(Reporting by James Pomfret; Editing by Kim Coghill)