Disposal of Government assets

Issuance of Government bonds


Date Context Summary of development Action
28.5.03 CQ Hon NG Leung-sing raised a question on Issuance of government bonds. [Hansard "page 32"]
13.5.04 SUBC The proposed resolution under section 3(1) of the Loans Ordinance (by way of issuance of Government bonds) authorized the Government to borrow a sum or sums not exceeding in total $20 billion or equivalent for the purpose of the Capital Works Reserve Fund established by resolutions passed under Section 29 of the Public Finance Ordinance (Cap. 2). [LegCo Brief] The Government planned to issue up to $20 billion worth of government bonds within 2004-05 and that the proceeds would be used to assist in financing the Public Works Programme. A Subcommittee was formed to scrutinize the proposed resolution in detail. The Subcommittee met on 13 May 2004. [Report of the Subcommittee] The proposed resolution was passed at the Council meeting on 19 May 2004. [Hansard "Page 98"]

In response to members' request at the Subcommittee meeting held on 13 May 2004, the Administration provided in July 2004 an information paper on the Progress Report on the proposed Issuance of Government Bonds for circulation to the Financial Affairs Panel. [Follow-up Paper]

7.04 PRESS The Administration issued government bonds worth of $20 billion in July 2004. [Press release] [Press release] [Press release]
3.11.04 CQ Ir Dr Hon Raymond HO Chung-tai raised a question on issuance of government bonds to finance capital works projects. [Hansard "Page 42"]
4.5.09 FA The Panel discussed with the Administration the implementation of the proposed Government Bond Programme (GBP). [LegCo Brief] [Paper] [Follow up paper]
8.5.09 SUBC The Financial Secretary gave notices to move a resolution under section 29 of the Public Finance Ordinance (Cap. 2) and a resolution under section 3 of the Loans Ordinance (Cap. 61) to authorize the Government to borrow and to set up a fund for the purpose of managing sums raised under GBP. A subcommittee was formed under the House Committee to scrutinize the proposed resolutions. [Subcommittee on Proposed Resolutions under Section 29 of the Public Finance Ordinance (Cap. 2) and Section 3 of the Loans Ordinance (Cap. 61)]
11.5.09 FA The Panel discussed further with the Administration the implementation of proposed GBP.
[Letter dated 5 May 2009 to the Administration]
[Administration's supplementary information on GBP]
[Administration's powerpoint material on GBP (Chinese version only)]
[Dr Hon David LI Kwok-po's letter on Government Bond Programme (follow up paper) (Chinese version only)]

28.10.09 CQ Hon Mrs Regina IP LAU Suk-yee raised a question on issuance of government bonds. [Hansard "Page 49"]
26.10.11 CQ Hon Frederick FUNG Kin-kee raised a question on review of the issuance of inflation-linked bonds. [Hansard "Page 70"]


Related topic in the Database on Particular Policy Issues
  • Securitization of Government future revenue receivable from tolls bridges and tunnels

    Go to Top