The Hong Kong government plans to raise its borrowing cap to HK$900 billion (US$115 billion) to finance infrastructure over the next three years. Officials noted this leaves room for further increases if needed in the future.

A proposed increase in the Hong Kong government’s borrowing cap for its bond programmes to HK$900 billion (US$115 billion) will be sufficient to finance infrastructure projects over the next three years, officials have said, while leaving the door open to further rises in the long run if needed. Andrew Lai Chi-wah, permanent secretary for financial services and the treasury, made the remarks on Thursday during a Legislative Council subcommittee meeting scrutinising the plan to lift the...