Hong Kong Baptist University may issue bonds to finance development

Hong Kong Baptist University is “actively considering” issuing bonds to finance its future development, including campus redevelopment and its new Chinese medicine hospital, according to its president.But Professor Alexander Wai Ping-kong also told the China-morning-post" class="entity-link entity-organization" data-entity-id="12558" data-entity-type="organization">South China Morning Post on Thursday that the public institution would be cautious with bond issuance to avoid creating pressure on the future management.“Our university needs funding in many aspects, such as our Chinese medicine hospital and the redevelopment of the old campus,” he said. “Financing has become an issue.”The city’s first Chinese medicine hospital, operated by a company under Baptist University, opened last December.“Issuing bonds is one of the options I am actively considering … if we can issue bonds, it would definitely be good news,” Wai said.Wai, a member of the Chinese People’s Political Consultative Conference, was speaking on the sidelines of the “two sessions”, the nation’s annual top political gathering in Beijing.