Financial Secretary Paul Chan: No withdrawals will be made from the Exchange Fund in the next five years

BlockBeats News, March 2nd, according to the South China Morning Post, Hong Kong Financial Secretary Paul Chan stated that based on the latest medium-term forecast, there will be no further withdrawals from the exchange fund in the next five years, and the withdrawal of HK$150 billion will not become a regular practice. He emphasized that the total assets of the exchange fund exceed HK$4.1 trillion, and this withdrawal is only equivalent to half of last year's investment income, which will not affect financial stability or the linked exchange rate system.

Paul Chan revealed that in the future, the proportion of long-term bond issuance will be increased to better match the cash flow and debt maturity of infrastructure projects; it is expected that the government's debt-to-GDP ratio will increase from 14.4% to about 19.9% in the next five years, which is still relatively low on an international level.