Chan Mo-po pointed out that government bonds have always been popular, with institutional subscriptions for infrastructure retail bonds oversubscribed by 3 to 4 times

The Financial Secretary Paul Chan stated that the subscription amount for the government's infrastructure retail bonds was HKD 17.8 billion, lower than the target of HKD 20 billion, but institutional subscriptions were oversubscribed by 3 to 4 times, indicating the popularity of government bonds. He mentioned that the fiscal deficit for the 2024/25 fiscal year is expected to increase to around HKD 100 billion, mainly due to a decrease in government revenue. The government is conducting fiscal consolidation, cutting expenditures to ensure that the burden on citizens is not increased, while hoping for a stable development of the property market, and it is expected that fiscal balance will take several decades