Hong Kong to Issue More Bonds for Public Projects as Paul Chan Ensures Debt Repayment

Saturday, 2 March 2024, 08:32
In the latest budget address, Hong Kong's Finance chief, Paul Chan, announced plans to issue HK$120 billion in bonds for the upcoming financial year. With a focus on silver, green, and infrastructure bonds, the move indicates a robust strategy for funding public projects and maintaining debt repayment. The proactive approach highlights Hong Kong's commitment to financial stability and investment in key sectors, as outlined by Chan.
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Hong Kong to Issue More Bonds for Public Projects as Paul Chan Ensures Debt Repayment

Hong Kong's Financial Strategy

In the recent budget address by Finance Chief Paul Chan, plans to issue HK$120 billion in bonds for the financial year 2024-25 were disclosed. The focus is on silver, green, and infrastructure bonds, indicating diversification in funding sources.

Commitment to Debt Repayment

The announcement assures that Hong Kong has 'absolutely no problem' repaying rising debt, demonstrating financial strength and stability. With a proactive approach, the government aims to fund essential public projects while ensuring financial sustainability.

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