Far from being ‘alarmist’, legislators are right to raise concerns about the administration’s fiscal plans and their impact on the city’s future
The scheme involves using HK$150 billion (US$19.1 billion) from the Exchange Fund, a cornerstone of the Linked Exchange Rate System and Hong Kong’s financial stability, to increase bond issuance to fund the Northern Metropolis megaproject. We are going all-in, tapping into what has been used previously to get the city out of financial crises, making a bet on a future staked to the Northern Metropolis.
basic laweddie yueexchange fundfinancial secretary paul chan mo-pohong konghong kong budget 2026-27hong kong economyhong kong monetary authorityhong kong monetary authority (hkma)hong kong politicsjohn leejunius ho kwan-yiulegislative councillegislative council of hong konglinked exchange rate systemnorthern metropolispaul chanreverend canon peter douglas koon ho-ming
