John Tsang

The Honourable John Tsang Chun-wah GBM, JP
曾俊華
John Tsang in 2010
Financial Secretary of Hong Kong
Incumbent
Assumed office 1 July 2007
Chief Executive	Donald Tsang Leung Chun-ying
Preceded by	Henry Tang
Secretary for Development (acting)
In office 12 July 2012 – 29 July 2012
Preceded by	Mak Chai-kwong
Succeeded by	Paul Chan
Secretary for Commerce, Industry and Technology
In office 4 August 2003 – 24 January 2006
Preceded by	Henry Tang
Succeeded by	Joseph Wong
Personal details
Born	(1951-04-21) 21 April 1951 British Hong Kong
Alma mater	MIT School of Architecture and Planning Boston State College Harvard University
Religion	Roman Catholicism

John Tsang
Traditional Chinese	曾俊華
Simplified Chinese	曾俊华
Transcriptions Standard Mandarin Hanyu Pinyin Zēng Jùnhuá Yue: Cantonese Jyutping Zang1 Zeon3 waa4 Yale Romanization Jāng Jeun wàh

John Tsang Chun-wah, GBM, JP (Chinese: 曾俊華; 21 April 1951) is the current Financial Secretary of Hong Kong. His responsibility is to assist the Chief Executive of Hong Kong in overseeing policy formulation and implementation in financial, monetary, economic, trade and employment matters. He exercises control over the Exchange Fund, with the assistance of the Monetary Authority. He is a member of the Executive Council. In an annual budget speech, he outlines the move to any appropriation bill.

Early life and education

Tsang's great grandfather was from Taishan, Guangzhou. He made his fortune as a Chinese labour worked in San Francisco. His grandfather was a well-off Chinese physician-turned-businessman. His father, Tsang Chuek-ho, was the eldest children of eight. Graduated from normal schools, Tsang Chuek-ho and his wife planned to move to the United States, where his sister was living, through Hong Kong in the 1940s. While waiting for the immigration process, the family settled in Hong Kong and had four children. John Tsang, the eldest child, was born in Hong Kong on 21 April 1951.

Tsang, a Roman Catholic, was a secondary school student at La Salle College in Hong Kong. In 1965 when he was 13, Tsang and his family moved to the United States. He first resided on the 8th Street in Lower East Side, Manhattan, New York City. He was enrolled to the Stuyvesant High School in the following year, from which he graduated in 1969. Eric Holder, the first African-American Attorney General of the United States, is his classmate.

He then studied architecture at the Massachusetts Institute of Technology. He also holds a master's degree in bilingual education from Boston State College and a MPA from the Kennedy School of Government at Harvard University.

Career

Through his teens and twenties, Tsang lived in the United States. In November 1982 he returned to Hong Kong after working with Boston Public School and joined the civil service, reportedly at the suggestion of Donald Tsang, with whom he became friends when they were at Harvard together. His first position was a two-year stint as Assistant District Officer for Shatin. He went on to positions in the former Finance Branch, Monetary Affairs Branch and the former Trade Department. From 1987 to 1992, he was first Administrative Assistant to then Financial Secretary, Sir Piers Jacobs.

He was Assistant Director-General of Trade from 1992 to 1995 and Private Secretary to the former Governor, Chris Patten, from March 1995 to June 1997. In July 1997, Tsang was appointed Director-General of the Hong Kong Economic and Trade Office in London. In 1999 he returned from London and assumed the office of Commissioner of Customs and Excise. Before the Principal Officials Accountability System was introduced in July 2002, Tsang was Secretary for Housing, Planning and Lands from 2001 to 2002.

File:WTOJohnTsangspeech.jpg

Tsang around the time of the WTO

From August 2003 Tsang was Secretary for Commerce, Industry and Technology. In this role he was also Chair of the Sixth Ministerial Conference (MC6) of the World Trade Organization (WTO) held in Hong Kong from 13 to 18 December 2005. For his outstanding performance in the WTO, he even earned praise from Chinese president Hu Jintao.

Tsang then became the director of the Chief Executive of Hong Kong's Office, working directly for his friend Donald Tsang. He held the post from 2006 to June 2007.

In 2007 Tsang became Financial Secretary of Hong Kong.

Health concern

In 2009, Tsang suffered a health scare on his return from a G-20 summit in Pittsburgh. On 27 September he was admitted to Queen Mary Hospital with a coronary artery blockage and underwent an angioplasty operation. He recovered and was discharged from hospital on 3 October, assuring the media that the operation would not affect his work.

Controversy

Cyberport defence

In 1998 and 1999 Donald Tsang, representing the Hong Kong government, met with Richard Li, chairman of Pacific Century Group regarding the Cyberport construction project. On 2 March 1999 both signed a document that said PCG would occupy 20–50% of the total office space within the first five years of Cyberport. Under a "take-up guarantee", PCG was required to pay the 50% rent if not enough tenants showed up. In exchange, PCG would be allowed to occupy as much as 50% of the government-owned IT infrastructure.

In 2000 the take-up was suddenly dropped by the government. (Cyberport struggled to attract tenants, and was becoming unpopular with the dot-com bubble problem.) Democratic Party member Lee Wing-tat demanded that records of meetings between Donald Tsang and Richard Li should be revealed to show PCG was not colluded with the government. John Tsang strongly defended Donald Tsang to not reveal anything.

2011 budget demonstration

Tsang at a Financial Times event, 2013

On 23 February 2011, John Tsang delivered the annual 2011–2012 HK Budget summary. The HK government was under pressure to give some of the money back to the community. After trying to move the surplus into a Mandatory Provident Fund, citizens began complaining. About 10,000 protesters showed up at Central to demonstrate. The mismanagement of the funds opened a number of controversies.

ILSP controversy

In January 2011 HK government's IT chief information officer Jeremy Godfrey stepped down from his job for "personal reasons". On 10, May 2011 in a letter to the Legislative Council, he said those personal reasons were not real, and that the real reason he quit was related to Elizabeth Tse (謝曼怡) and John Tsang. It turns out there were arguments over the implementation of the Internet Learning Support Program (ILSP). It was revealed that Tse and Tsang forced the HK$220 million contract to be awarded to a company called iProA. The company turned out to be founded by Elizabeth Quat, a member of the pro-Beijing DAB. Tsang responded that the accusations were ridiculous and absurd. Godfrey has since stated that Quat herself had nothing to do with the ILSP controversy, but said the IT decision was politicised.

External links

• Mr John Tsang Chun-wah, JP, Financial Secretary – official biography
• Financial Secretary's office
• Commerce, Industry and Technology Bureau home page
• Financial Secretary's blog

Political offices
Preceded by Gordon Siu	Secretary for Planning and Lands 2001–2002	Succeeded by Michael Suen as Secretary for Housing, Planning and Lands
Preceded by Henry Tang	Secretary for Commerce, Industry and Technology 2004–2006	Succeeded by Joseph Wong
	Financial Secretary of Hong Kong 2007–present	Incumbent
Government offices
Preceded by Lam Woon-kwong	Director of the Chief Executive's Office 2006–2007	Succeeded by Norman Chan
Civic offices
Preceded by Li Shu-fai	Commissioner of Customs and Excise 1999–2001	Succeeded by Raymond Wong
Order of precedence
Preceded by Carrie Lam Chief Secretary for Administration	Hong Kong order of precedence Financial Secretary of Hong Kong	Succeeded by Rimsky Yuen Secretary for Justice