Story perspectives

Hong Kong Proposes HK$900B Bond Cap for Infrastructure

4/9/2026

Summary

Story summary

Hong Kong officials proposed raising borrowing cap for bond programmes from HK$700 billion to HK$900 billion over the next three years to fund infrastructure, including the Northern Metropolis megaproject.
Financial Secretary Paul Chan Mo-po highlighted funding needs for Northern Metropolis megaproject.
Permanent Secretary Andrew Lai Chi-wah said the new limit would suffice unless unforeseen events arise.
The debt-to-GDP ratio would remain at 19.9%, lower than in other developed economies.

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Story summary

Hong Kong officials proposed raising borrowing cap for bond programmes from HK$700 billion to HK$900 billion over the next three years to fund infrastructure, including the Northern Metropolis megaproject.
Financial Secretary Paul Chan Mo-po highlighted funding needs for Northern Metropolis megaproject.
Permanent Secretary Andrew Lai Chi-wah said the new limit would suffice unless unforeseen events arise.
The debt-to-GDP ratio would remain at 19.9%, lower than in other developed economies.