The Government served a notice to the Legislative Council (LegCo) today (June 3) to introduce a resolution under the Public Finance Ordinance (Cap. 2) to empower the Financial Secretary to make timely transfer of the surplus of the Bond Fund to the Government's general revenue for the optimal use of government financial resources.

     The 2024-25 Budget announced that the Government Bond Programme (GBP) was gradually replaced by the Government Sustainable Bond Programme and the Infrastructure Bond Programme, with no new bonds issued under the GBP since September 2024.
      
     A spokesman for the Financial Services and the Treasury Bureau said, "The Bond Fund was established in 2009 to accommodate the management of the proceeds of the GBP over the years. As at March 31, after making full provision for all future principal repayments and coupon payments related to outstanding Government Bonds, the Bond Fund's accumulated surplus from investment income stood at $37.7 billion.

     "The GBP has already successfully completed its mission of promoting Hong Kong's bond market development. To optimise the use of the surplus of the Bond Fund, as announced in the 2026-27 Budget, the Government would introduce a resolution to the LegCo to enable the transfer of the accumulated surplus of the Bond Fund to the Consolidated Account in 2026-27, instead of waiting until the last tranche of outstanding Government Bonds under the GBP matures in 2042 as currently prescribed in the law."
      
     Subject to the legislative process, the Government will move the resolution in LegCo on June 24.

Ends/Wednesday, June 3, 2026
Issued at HKT 16:00

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