Hong Kong 2022/2023 Budget for Financial Services: HKD 5 Billion GBA Investment Fund & HKD 60 Billion New Bonds
25th February 2022 | Hong Kong
Hong Kong government has announced the 2022/2023 Budget, including key initiatives for financial services such as setting up a HKD 5 billion GBA Investment Fund to focus on investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”), issuing at least HKD 60 billion of bonds (inflation linked retail, Silver Bond, Green Bonds) and tax concessions for eligible family investment management entities managed by single-family offices. More financial services initiatives below and visit the website for HK 2022/2023 Budget: Visit
“ HKD 5 Billion GBA Investment Fund & HKD 60 Billion New Bonds “
Invest Hong Kong
The 2022-2023 Budget was announced today with these key initiatives:
Financial Services
- Increase the funding allocated to the Hong Kong Growth Portfolio under the Future Fund to set up a HK$5 billion GBA Investment Fund to focus on investment opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area (“GBA”)
- Plan to issue no less than HK$15 billion of inflation-linked retail bonds (iBond), no less than HK$35 billion of Silver Bond and no less than HK$10 billion of retail green bonds in the next financial year
- Explore ways to enhance the prospectus requirements, in order to make it easier for retail investors to participate in bond market
- Examine the revision of the listing requirements to meet the fundraising needs of technology enterprises
- Make preparation to allow stocks traded via the Southbound Trading of Stock Connect to be denominated in RMB
- Explore enhancement measures for the Cross-boundary Wealth Management Connect Scheme in the GBA
- Propose to provide tax concessions for the eligible family investment management entities managed by single-family offices
- Continue to issue green bonds totalling about US$4.5 billion or equivalent, and enhance the Green and Sustainable Finance Grant Scheme
- Implement a pilot scheme on infrastructure financing securitisation to offer infrastructure financing securitisation products with a total value of US$450 million
- Allocate $10 million for launching a new round of the Fintech Proof-of-Concept Subsidy Scheme
- Explore the introduction of more commercial data sources to the Commercial Data Interchange
For business opportunities in Hong Kong, please contact:
- Financial Services: Dixon Wong, Head of Financial Services
- FinTech: King Leung, Head of Fintech
- For budget details, please visit: https://www.budget.gov.hk/
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