Hong Kong reported a massive budget surplus from 2014 and the government is allocating cash to develop the city's fashion industry. Full Story: Another year, another massive fiscal surplus in Hong Kong. The city has decided it's going to cut taxes and spread the wealth, dishing out over four billion bucks in sweeteners to support local businesses. Traditionally a very finance-focused city, the government is putting its weight behind a surprising initiative - to support start-ups and more creative industries. In particular, a focus on fashion and film. KPMG's Charles Kinsley. [Charles Kinsley, Tax Principal, KPMG China]: "The introduction of what they call the creative industries - being fashion industry, the film movie industry, and arts and culture. So largely looking to give incentives to those which, in some ways, going almost back to the roots of Hong Kong." Leading the cause is financial secretary John Tsang. [John Tsang, Hong Kong Financial Secretary]: "We know that w... ( More) | 
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