Hong Kong to Issue More Bonds for Public Projects as Paul Chan Ensures Debt Repayment
Saturday, 2 March 2024, 08:32
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.
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.