Paul Chan Responds to Criticism of Hong Kong's Bond Issuance Plan

Monday, 4 March 2024, 04:23

Hong Kong's Finance Chief, Paul Chan, addresses concerns surrounding the bond issuance plan and emphasizes global firm support. Despite criticism from predecessors, Chan defends the policy, highlighting the need for land supply improvements. The debate on the impact of the proposal on credit ratings and economic development continues.
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Paul Chan Responds to Criticism of Hong Kong's Bond Issuance Plan

Highlights:

Paul Chan, Hong Kong's Finance Chief, dismisses concerns around the bond issuance plan.

Support from Global Firms:

Global firms have welcomed the policy, pointing to potential benefits.

  • Chan's rebuttal to predecessor's criticism underscores the importance of expanding land supply for economic growth.

In the ongoing dialogue, the implications of the proposed policy on credit ratings and economic progress remain at the forefront.


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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