Hong Kong's Urban Renewal Authority Targets Investors from Singapore and Macau Amid Financial Struggles

Monday, 8 July 2024, 12:04

The cash-strapped Urban Renewal Authority of Hong Kong is actively seeking investments from Singapore and Macau to recover from financial challenges. In light of a HK$3.9 billion annual deficit, the Authority plans to issue bonds as a strategy for improving its financial standing. This move comes after experiencing two consecutive years of financial loss.
South China Morning Post
Hong Kong's Urban Renewal Authority Targets Investors from Singapore and Macau Amid Financial Struggles

Hong Kong's Urban Renewal Authority Financial Recovery

The Urban Renewal Authority in Hong Kong is facing financial challenges and seeks investments from Singapore and Macau. After recording a HK$3.9 billion annual deficit, the Authority plans to issue bonds for improving its financial position.


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.


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