The Hong Kong government is issuing new bonds with guaranteed interest rates to give residents a larger stake in the city’s key finance sector. Photo: AFP
Hong Kong to issue new iBonds with guaranteed interest rates to give residents bigger slice of financial services pie: Paul Chan
- Government to issue up to HK$13 billion in debt, including iBonds featuring a guaranteed interest rate of 2 per cent
- The financial sector is a ‘pillar’ of the Hong Kong economy, finance chief notes, but ‘it would be better if it could let the general public take part’
The Hong Kong government is issuing new bonds with guaranteed interest rates to give residents a larger stake in the city’s key finance sector. Photo: AFP