The Foreign Exchange Fund meeting this week is expected to allocate funds to the Northern Metropolis. Analysis suggests that committee members generally support the move. Scholars call for explanations to clarify doubts.

SighingCashier · 2026-03-22T19:05:37+00:00

The government proposed allocating 150 billion yuan from the Foreign Exchange Fund to support the Northern Metropolis and infrastructure projects, which has attracted public attention. The Foreign Exchange Fund Advisory Committee will hold a meeting, and the Financial Secretary needs to consult and obtain approval before implementation.

SighingCashier

2026-03-22 19:05:37

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March 23, 2026

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Foreign Exchange Fund Meeting This Week Likely to Allocate Funds to North District
Analysis Indicates Committee Members Generally Support; Scholars Call for Clarification to Address Concerns

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A new draft of the Budget Proposal proposes reallocating HKD 150 billion from the Foreign Exchange Fund’s investment income to support the Northern Metropolitan Area and other infrastructure projects. The public has expressed concern over the government reallocating funds to the treasury for the 42nd time in history. To implement the proposal, the government must first consult the Foreign Exchange Fund Advisory Committee as per protocol, then seek prior approval from the Chief Executive and Executive Council before formal execution. Reports indicate that the Foreign Exchange Fund Advisory Committee is chaired by Financial Secretary Paul Chan.
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