Hong Kong might consider issuing bonds to finance the development of railways and near-shore reclamation work, finance chief Paul Chan says. Photo: May Tse
Coronavirus: Hong Kong finance chief rules out issuing bonds to pay for pandemic deficit
- The city is bracing for a massive funding shortfall as the health crisis wreaks havoc on the economy
- But Paul Chan says the government will not sell debt to cover expenditures although bonds might be issued for infrastructure projects
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Hong Kong economy
Hong Kong might consider issuing bonds to finance the development of railways and near-shore reclamation work, finance chief Paul Chan says. Photo: May Tse