Chan is expected to announce measures to boost government income, cut expenditure and develop new industries, carrying out one of his most difficult balancing acts so far.
With the fourth deficit in five years being estimated to be more than HK$100 billion (US$12.8 billion), Chan will reveal plans to issue more retail bonds totalling at least HK$70 billion, covering green bonds, silver bonds and those used to finance infrastructure, according to a source familiar with the policies.
The Post has also reported that he will tap into the US trillion-dollar clean energy market by setting up a regional green fuel bunkering centre, with financial incentives and infrastructure being offered to vessel owners and the maritime industry. He is also expected to accelerate green finance developments through the hosting of an international climate financing summit with Dubai’s monetary authority in the autumn.
The source said that on the tourism front, highlights would include the monthly…
