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陈茂波:发行基础建设零售债券推动市民“参与感” 亦为基建项目融资

Paul Chan Mo-po: Issuing retail bonds for infrastructure to enhance citizens' sense of participation, as well as to finance infrastructure projects.

Zhitong Finance ·  Nov 15, 2024 14:12

The Hong Kong government announced today the issuance of retail Infrastructure Bonds for subscription by Hong Kong residents.

According to the Zhitong Finance APP, the Hong Kong government announced today the issuance of retail Infrastructure Bonds for subscription by Hong Kong residents. The Financial Secretary, Paul Chan Mo-po, stated on social media that this issuance of retail Infrastructure Bonds provides citizens with a safe, reliable, and stable investment option, allowing citizens to have a greater sense of participation and benefit in driving Hong Kong's long-term development infrastructure projects. It also helps finance infrastructure projects, enabling projects that benefit the economy and people's livelihoods to be completed sooner.

He believes that this bond issuance will also further promote the development of the retail bond market and inclusive finance.

He mentioned that in this year’s budget, it was announced that 20 billion Hong Kong dollars of retail bonds would be issued this year, and the Hong Kong government may increase the issuance target to a maximum of 25 billion Hong Kong dollars based on subscription response. This batch of bonds is part of the retail segment of the Infrastructure Bond program. The funds raised will be allocated to the Basic Engineering Reserve Fund for investment in infrastructure projects according to the planned framework. The Hong Kong government will announce the allocation of raised funds each year.

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