The Hong Kong Urban Reconstruction Bureau's debt issuance in the next two or three years will reach 15 billion yuan (Hong Kong dollars, the same below, about S $ 2.6 billion). It is expected that the first round of debt issuance will start in September this year.
Comprehensive Sing Tao Daily and Radio Hong Kong reports, the Hong Kong Legislative Council Development Affairs Committee discussed the work plan of the Municipal Construction Bureau on Monday (July 15).The bureau's debt issuance in the next two or three years will be about 10 billion to 15 billion yuan. It may start the first round of debt issuance in September this year, and the second debt issuance will be issued early next year, but it will emphasize that the interest rate trend will be paid attention to.
Wei Zhicheng said that the Director of Finance allows the Municipal Bureau of Construction to borrow a loan limit to 25 billion yuan, but it does not have to use the upper limit.
The Hong Kong Municipal Bureau of Construction acquired the construction cost of 64.3 billion yuan in this year, and the current cash reserves are 18 billion yuan. It is ready to use debt issuance and loan loans and double -line financing through debt issuance of this fiscal year.The City Bureau recorded a net loss of 3.9 billion yuan last year.
The Director of the Hong Kong Development Bureau Ning Hanhao pointed out that under the current strict observance of financial discipline, it is difficult for the Hong Kong Government to not directly injected capital with the Municipal Bureau of Construction, but it will start from the policy, including the exemption of land prices of the Municipal Construction Bureau, and provide land to solve cash to solve cash.The flow problem, as well as the transfer policy through the ground -to -ground ratio, increase project feasibility and economic returns.
Ning Hanhao said that the Hong Kong Government has relaxed the upper -loan limit from the Municipal Bureau of Construction, from 6 billion yuan to 25 billion yuan.The financial bureaus is stable in finance and good credit rating.
