Budget Proposal: Chan Mo-po expects to issue bonds of approximately HKD 160 billion to HKD 220 billion annually over the next five years

The Financial Secretary Paul Chan stated that the plan is to raise the combined borrowing limit for green bonds and infrastructure bonds from the previously announced HKD 700 billion to HKD 900 billion. Over the next five years, the government will issue approximately HKD 160 billion to HKD 220 billion in bonds each year, with about half used to refinance short-term debt issued in recent years; in the future, more long-term bonds will be issued to better match the cash flow duration with the funding needs of engineering projects