Hong Kong Financial Secretary reassures public on debt management amid plans for additional bond issuance for infrastructure development
Hong Kong’s Financial Secretary, Paul Chan Mo-po, has reassured the public regarding the city’s capability to manage its growing debt load. During a radio programme, Chan confirmed plans for additional bond issuance aimed at expediting infrastructure development associated with the ambitious Northern Metropolis project. His statements come amidst rising public concerns about the long-term implications of such debt on future generations, particularly voiced by a university student who expressed apprehension over potential repayment issues. During the broadcast, Chan emphasized that the territory's debt levels remain "very safe" despite the planned bond sales, aiming to alleviate worries that the government's reliance... [Continue Reading]
