Paul Chan on Financial Inclusion and Green Finance at Apec: Retail Bonds for Infrastructure Development
Monday, 21 October 2024, 16:50
Financial Inclusion Through Green Finance
In a compelling presentation at the recent Apec conference, Paul Chan Mo-po, Hong Kong’s finance chief, emphasized the importance of financial inclusion as he spoke about green finance and retail bonds. The city has leveraged innovative financial products to fund infrastructure projects effectively.
Retail Bonds: A Pathway to Infrastructure Development
- Chan highlighted the issuance of HK$55 billion (US$7 billion) worth of Silver Bonds, aimed at investors aged 60 and above.
- The bonds offer an annual interest rate of at least 4 percent, making them a reliable investment.
- Funds raised are designated to support sustainable development projects beneficial to the economy and residents.
This approach achieves the dual objectives of promoting inclusive finance and advancing infrastructure development.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.