How big is Hong Kong’s debt? The Post unpacks the city’s bond financing

As Hong Kong grapples with a burgeoning deficit projected to reach just under HK$100 billion (US$12.9 billion) for the 2024-25 financial year, many experts have called for the government to bolster the city’s dwindling reserves by issuing more bonds to fund infrastructure investment.

They believe this could foster the growth of the financial service sector and boost capital flow.

Last Sunday, Financial Secretary Paul Chan Mo-po weighed in on the debate, saying the government could issue bonds to fund megaprojects, a practice he described as “common” in the international community when investing in the future.

With Chan to deliver his budget plans on Wednesday, the Post delves into whether issuing additional bonds can help ease the city’s financial strain.

1. How many types of government bonds have been issued?

Several types of government bonds have been issued under different programmes.