Authorities open to backing universities issuing bonds to fund megaproject campuses

2026-02-26 - 12:46

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 signalled the government’s intention during a meeting of the Legislative Council’s Finance Committee on Thursday, saying the issuance of a “tertiary education bond” to support the University Town’s construction would be...