Government doubles bond programme to $200b

To strengthen Hong Kong's edge in gobal finance.

According to a report, the Chief Executive in Council has approved a resolution to be tabled at the Legislative Council on May 15, authorising the Government to borrow up to $200 billion under the Government Bond Programme.

The resolution raises the current $100 billion limit to promote sustainable development of the local bond market.

The Financial Services & the Treasury Bureau said the measure will allow the local bond market to serve as a financial intermediation channel, complementing the banking sector and equity market, thereby strengthening Hong Kong's competitiveness as an international finance and asset management centre.