News: 2024.03.18
Secretary for Financial Services and the Treasury Hui Ching-yu said that the government has set a total borrowing limit of NT$500 billion for the infrastructure bond program and the expanded green bond program, but does not have a detailed allocation plan, mainly because it hopes to allow flexibility.
Xu Zhengyu pointed out that the use of government bonds can be expanded to areas such as transportation and health to fund more infrastructure and green projects. He emphasized that this measure will help promote economic development and improve the quality of life of citizens.
Xu Zhengyu further explained that the government will provide more financial support for green infrastructure projects through the bond program to promote sustainable development. He said this would help reduce the impact on the environment and promote the development of a green economy.
According to the 500 billion yuan borrowing limit set by the government, Xu Zhengyu pointed out that this will help control fiscal risks and ensure that debt levels are within control. He emphasized that the government will use bond funds prudently and ensure reasonable and transparent uses.
Finally, Xu Zhengyu said that the government will continue to actively promote infrastructure and green projects to promote economic development and improve citizens' living standards. He called on all walks of life to support the government's bond plan and jointly contribute to the future of Hong Kong.