HONG KONG: BEFORE THE OPEN, 03Jun2013

Kai Tak redevelopment the new hotness; HK$200,000 screens as a gift; HK government all cashed up; Sell in May go away; All that glitters is not gold; Will LEGCO stay the course on property curbs?; Here’s what you need to know before the open.

HK government cashed up

From RTHK:

The government recorded a surplus of HK$13.4 billion in April – the first month of the current financial year. A spokesman said that the surplus mainly came from land premiums. The fiscal reserves now stand at HK$747.3 billion.