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

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The HKMA has proposed amending 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. The HKMA plans to submit the amendments to the Legislative Council in Q1 2027, with a target effective date in Q2 of the same year. The proposal was raised at the working group’s third meeting, where participants also discussed financing arrangements for the Northern Metropolis University Town, including loans and public-private partnerships.