Source: Hong Kong Government special administrative region
HKMC’s Annual Results Highlights for 2024
Completed the second issuance of infrastructure loan-backed securities. The issuance consists of multiple classes of US dollar-denominated secured notes backed by the cash flows from a diversified portfolio of project and infrastructure loans across different geographies and sectors, with a total size of US$423.3 millionDebt Issuance
Issued corporate debts of HK$103.5 billion for 2024 (2023: HK$98.3 billion), being the most active issuer in the domestic market of Hong Kong dollar (HKD) corporate bonds
Successfully completed the issuance of multi-tenor HKD benchmark bonds of HK$12 billion, being the largest-ever HKD senior unsecured public bond transaction at the time of issuance
Successfully completed the third social bond issuance of approximately HK$23.8 billion equivalent in triple-currency of HKD, Renminbi and US dollar, being the largest social bond issuance in Asia Pacific
Outstanding balance of debt securities issued was HK$148.3 billion as at December 31, 2024 (December 31, 2023: HK$161.7 billion)Mortgage Insurance Programme (MIP) SME Financing Guarantee Scheme Dedicated 100% Loan Guarantee Schemes Annuity Business Reverse Mortgage Programme (RMP) Financial Highlights
The audited consolidated loss after tax of the HKMC for 2024 was HK$418 million (2023: consolidated loss after tax of HK$260 million). The increase in accounting loss was largely due to the negative impact of property price drop on fast-growing reverse mortgage business which was partly mitigated by the increase in net interest income together with the return from the placements with the Exchange Fund.Issued at HKT 19:48