Hong Kong to Transfer HKD52.8bn From Funds to Bolster Finances, Chan Says

Hong Kong will transfer about HKD52.8bn(USD6.8bn) back to government accounts in 2026-27 to better fund its capital account amid heavy infrastructure spending, Financial Secretary Paul Chan said.

The Hong Kong fiscal transfer includes about HKD15.8bn from funds set up outside government accounts after reviewing 36 purpose-specific funds, with some vehicles to be closed or consolidated.

Another HKD37bn of accumulated surplus from the Bond Fund, created in 2009 to support Silver Bonds and iBonds issuance, will move to the Consolidated Account after most bonds are redeemed by end-2026, marking a significant Hong Kong fiscal transfer under the budget.