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Hong Kong Invests HK$150 Billion for Northern Metropolis Growth

3/1/2026

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Summary

Story summary

Hong Kong's Financial Secretary Paul Chan defends withdrawing HK$150 billion from the Exchange Fund to finance the Northern Metropolis and other infrastructure.
He calls the move an investment, citing the fund's HK$331 billion earnings in 2025.
The Northern Metropolis aims to create 650,000 jobs and housing for 2.5 million people.
Chan says the transfer will not become a regular practice and will rely on reserves and oversight.

History

Historical Context

Since its handover from Britain to China in 1997, Hong Kong has navigated significant economic and political changes under the "one country, two systems" framework. By 2021, the Hong Kong Monetary Authority managed HK$1.1 trillion in assets, reflecting its status as a major financial center. Recent investments, including HK$150 billion for the Northern Metropolis, aim to address housing and job shortages for its 7.5 million residents.

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Story summary

Hong Kong's Financial Secretary Paul Chan defends withdrawing HK$150 billion from the Exchange Fund to finance the Northern Metropolis and other infrastructure.
He calls the move an investment, citing the fund's HK$331 billion earnings in 2025.
The Northern Metropolis aims to create 650,000 jobs and housing for 2.5 million people.
Chan says the transfer will not become a regular practice and will rely on reserves and oversight.

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