LCQ12: Silver Bond issued in 2026

Following is a question by the Hon Maggie Chan and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (October 14): Question: Hong Kong's First Five-Year Plan emphasises "promoting the enhancement and upgrading of the pension finance system and continuing to diversify pension finance product offerings". Both the number of valid applicants and the total principal amount of subscription of the Silver Bond issued in 2026 have reached historic highs. In this connection, will the Government inform this Council: (1) as it is learnt that the Silver Bond issued in 2026 recorded over 476 000 valid applications with subscription amount close to $120 billion, which is more than double the final issuance amount of $55 billion, whether the Government will, based on the eligible elderly population and subscription situations over the years, regularly review and increase the final issuance amount of Silver Bond, so as to further promote the silver economy; if so, of the details; if not, the reasons for that; (2) as it is learnt that under the allocation mechanism of the Silver Bond issued in 2026, the maximum allocation o

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