Hong Kong authorities are open to supporting universities in issuing bonds to fund the development of the proposed University Town in the Northern Metropolis, with lawmakers calling for a dedicated approval and credit rating mechanism.
Financial Secretary Paul Chan Mo-po told a meeting of the Legislative Council’s Finance Committee on Thursday the issuance of a “tertiary education bond” to support the University Town’s construction would be considered.
The University Town, which will include the…
Authorities open to backing universities issuing bonds to fund megaproject campuses
