HKMA proposes revising banking capital rules to support financing for Northern Metropolis projects

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At the third meeting of the Northern Metropolis Financial Advisory Working Group, HKMA proposed revising the Banking (Capital) Rules to designate 11 post-secondary institutions and three park companies as local public sector entities, lowering banks’ funding costs and facilitating access to financing for the relevant institutions. HKMA plans to submit the amendments to the Legislative Council in Q1 2027, with the aim of bringing them into effect in Q2 of the same year. The meeting also discussed financing arrangements for the Northern Metropolis University Town, including loans and public-private partnerships.