Source: Hong Kong Government special administrative region
Government to introduce resolution to enable timely transfer of surplus of Bond Fund to general revenue
A spokesman for the Financial Services and the Treasury Bureau said, “The Bond Fund was established in 2009 to accommodate the management of the proceeds of the GBP over the years. As at March 31, after making full provision for all future principal repayments and coupon payments related to outstanding Government Bonds, the Bond Fund’s accumulated surplus from investment income stood at $37.7 billion.
Subject to the legislative process, the Government will move the resolution in LegCo on June 24.
Issued at HKT 16:00
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