Hong Kong open to backing universities issuing bonds to fund megaproject campuses

Hong Kong authorities are considering allowing universities to issue bonds to finance the development of the proposed University Town in the Northern Metropolis. Financial Secretary Paul Chan Mo-po indicated openness to a "tertiary education bond" to support construction. The University Town, part of a larger megadevelopment near the mainland China border, will include the city's third medical school. Lawmaker Andrew Fan Chun-wah advocated for diverse funding options, including these bonds, to expedite financing. The government aims to expand the University Town area and allocate sites in Hung Shui Kiu and Ha Tsuen for tertiary institutions, signaling a commitment to supporting the project's development through various funding channels.

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