The Hong Kong Special Administrative Region (SAR) of China is planning to issue a $450 million infrastructure asset-backed security during the financial year 2022–2023, as part of a slew of initiatives to boost investment in infrastructure.
The security is aimed at helping the inflow of market capital to high-quality infrastructure projects, multinational law firm Pinsent Masons reports. Prior to issuing the security, the Hong Kong Mortgage Corp. (HKMC) will conduct a study to implement a pilot scheme on infrastructure financing securitisation.
The Hong Kong SAR administration also plans to allocate HK$5 billion ($639 million) to set up a Greater Bay Area (GBA) Investment Fund, which will focus on investment opportunities in that region.
“These initiatives and policies reaffirm Hong Kong SAR’s commitment to be an international financial center for China and the world,” said Alvin Ho, partner at Pinsent Masons. “The HK$5 billion GBA Investment Fund will
