According to South China Morning Post, Hong Kong Financial Secretary Paul Chan Mo-po stated that based on the latest medium-term forecast, there will be no further withdrawals from the Exchange Fund in the next five years, and the HKD 150 billion withdrawal will not become a norm. He emphasized that the total assets of the Exchange Fund exceed HKD 4.1 trillion, and this withdrawal is only half of last year's investment returns, which will not affect financial stability or the linked exchange rate system. Paul Chan revealed that in the future, the proportion of long-term bond issuance will be increased to better match the cash flow and debt maturity of infrastructure projects; it is expected that the government debt-to-GDP ratio will rise from 14.4% to about 19.9% over the next five years, still remaining at a relatively low level internationally.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)