Former financial secretary John Tsang looks to start fund for budding Hong Kong entrepreneurs

Former Hong Kong financial secretary John Tsang Chun-wah announced plans to set up a fund to help aspiring entrepreneurs in the city on Monday.

Revealing the idea in a Facebook interview with Citibank, Tsang said he hoped to use his network of contacts to help young people set up businesses.

Tsang, who turns 67 next month, added he did not see himself as a retiree, more than a year since he resigned from the government to run for the city’s top job, ultimately losing to Chief Executive Carrie Lam Cheng Yuet-ngor.

While he has remained active since the election defeat with frequent media and public appearances, the 40-minute interview offered rare insight into the popular figure, who has nearly 134,000 followers on Facebook.

Responding to a question from a Facebook user on whether he would set up an NGO or charity, Tsang admitted he was actively planning to “enter a new page” of his life.