Hong Kong taps reserves to fund infrastructure spending
Government to draw from HKMA’s investment income for first time in more than 40 years
The Hong Kong government is planning to use a fund operated by the territory’s de facto central bank to finance spending after the vehicle posted record-breaking revenues in 2025.
In announcing the territory’s budget for 2025, financial secretary Paul Chan today (February 25) proposed to transfer HK$150 billion (US$19.2 billion) from the Hong Kong Monetary Authority (HKMA) Exchange Fund to the government’s Capital Works Reserve Fund for infrastructure projects.
The Exchange Fund has contained the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Reserves
Reserve managers focus on the ‘E’ in ‘ESG’
Central banks continue buying green assets while largely eschewing governance and social elements
China goes long gold, short Treasuries
Bullion-buying spree continues, but banks told to limit purchases of US government debt
Dollar will remain core to global finance – Saudi governor
US currency maintains strong liquidity and robust legal framework despite “hiccups”, says Sayari
Ken Rogoff on the dollar’s role in a fractured world
The former IMF chief economist speaks about Trump, central bank independence and the $20 trillion underground economy
Kazakh crypto fund to hold assets seized from criminals – report
Central bank to use hedge funds to hold confiscated digital assets on its behalf
BoJ rejects opposition’s call for faster ETF selloff
Bank says matter ‘fully addressed’ last year, after lawmaker proposes speedier sale to fund tax cut
IMF overcalculated Taiwan’s USD exposure – central bank chief
Fund’s measure showing USD holdings at 45 times local FX markets is “misunderstanding”, Yang says
China could trigger Treasuries selloff to punish US – paper
Beijing might sustain short-term self-harm to undermine US assets’ safe haven reputation, authors say