Paul Chan highlights benefits of upcoming Silver Bonds for elderly and start-ups
On Sunday, Financial Secretary Paul Chan said a planned issue of silver bonds would offer investors attractive returns, including at least four percent interest rates.
In his blog, Paul Chan said the investment sector was positive towards Hong Kong's development prospects because of its unique advantages and flourishing innovation and technology ecosystem. Tech start-ups hoped to use the city as a springboard to mainland and international markets.
"Technology innovation can lead to leaps and bounds in economic and industry development, but this force needs capital support and leverage financial power," Chan wrote.
"If we could activate the financial services chain, we could allow more funds and capital to support our start-up enterprises better, injecting a large force towards the development of the local innovation and technology industry," he added.
Chan noted the bonds would offer elderly citizens a safe and reliable place to park their money.
"The bonds provide the elderly with a low-risk and reliable investment choice. Not only could they receive stable interest returns, but bondholders can also contribute towards developing their own community and the city. It is a win-win investment," he wrote.
The latest batch of silver bonds will be available to the public from September 30. The solicitations will be allocated to the Capital Works Reserve Fund.
Related News:
Comment