Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP
Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP

Hong Kong finance chief Paul Chan rejects idea of issuing bonds to cover deficits, warning move could affect confidence in city

  • Paul Chan also reiterates the need to maintain the Hong Kong-US dollar peg, which he says has provided a good social and business environment
  • Chan had earlier sounded alarm over an expected record budget deficit of more than HK$300 billion in the financial year ending March

Topic |   Hong Kong economy
Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP
Hong Kong’s economy is expected to post a record decline for 2020. Photo: AFP
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