Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»HKMC Releases Social Bond Allocation Update and Impact Report 2024
ADOPTION NEWS

HKMC Releases Social Bond Allocation Update and Impact Report 2024

By Crypto FlexsSeptember 1, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
HKMC Releases Social Bond Allocation Update and Impact Report 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Iris Coleman
30 Aug 2024 20:09

The Hong Kong Mortgage Corporation (HKMC) has released its 2024 Social Bond Allocation Update and Impact Report, detailing the allocation and social impact of bonds issued in 2022 and 2023.





According to the Hong Kong Monetary Authority, Hong Kong Mortgage Corporation (HKMC) has released its 2024 Social Bond Distribution Update and Impact Report. The report provides a comprehensive overview of the net proceeds distribution of the two social bonds issued in 2022 and 2023, and the social impact as of 30 June 2024.

Key allocations and social impacts

The report reveals that the net proceeds from the social bonds were primarily allocated to projects aimed at addressing social issues in Hong Kong. These projects include affordable housing, healthcare and education programs, which are designed to benefit disadvantaged communities.

The Independent Practitioner’s Limited Assurance Report, issued by PricewaterhouseCoopers, is provided in conjunction with the HKMC Report. This assurance report adds a level of transparency and confidence to the allocation and impact disclosures, ensuring that the information presented meets rigorous assurance criteria.

Background and Objectives

HKMC’s social bond issuance is part of a broader strategy to promote sustainable finance in Hong Kong. These bonds are specifically designed to fund projects that create positive social outcomes in line with global standards for social impact investing. HKMC aims to maintain a high level of accountability and transparency by providing detailed allocation and impact reports, thereby enhancing investor confidence.

According to HKMC, social bonds have already made significant progress in improving the living conditions of many residents. For example, funds have been used to build affordable housing units that provide safe and secure living environments for low-income families. In addition, investments in healthcare have helped provide essential health services to underserved populations.

Future plans and outlook

Going forward, HKMC plans to continue to focus on sustainable finance, with the potential to issue additional social bonds in the pipeline. The organisation aims to expand its portfolio of socially impactful projects to contribute to the broader goal of sustainable development in Hong Kong.

In summary, the Social Bond Allocation Update and Impact Report 2024 not only highlights the effective use of funds, but also underlines HKMC’s commitment to social responsibility. As the organization continues to prioritize transparency and accountability, it sets a strong example for other financial institutions aiming for positive social impact.

For further details, please see the full report and the independent expert’s limited assurance report on the Hong Kong Monetary Authority website.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025
Add A Comment

Comments are closed.

Recent Posts

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025

Meme Coin ‘$SATOSHI’ Heralding The Return Of Satoshi Nakamoto’s Vision Launches First Presale

August 1, 2025

Bitcoin falls to $ 115K with the third main wave of profit, a new tariff tension.

August 1, 2025

VFAT Farm Strategy Audit Summary

July 31, 2025

ETH Meme Coin Pepeto Ends Stage 6 With $5.770.000 Raised In Presale

July 31, 2025

PowerBank And Intellistake Announce Strategic Alliance To Pioneer Digital Currencies, Including Bitcoin Treasury Integration And RWA Tokenization

July 31, 2025

Strategic Ettterim Protection Zone surpasses $ 10 billion as institutional interests increase.

July 31, 2025

Tethers we target the Stablecoin market and quote the path of genius behavior.

July 31, 2025

Pepescape Crypto Presale Raises $1M As Ethereum Eyes $6K, Community-Owned Exchange Gigacex Unveiled

July 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Best visa stable coin encryption card

August 1, 2025

Hamieverse Taps Abstract To Power Its Debut Blockchain Game And Purpose-Driven Ecosystem

August 1, 2025

Pepe Dollar ($PEPD) Presale Picks Up Pace As Ethereum (ETH) Hovers Over $3,600

August 1, 2025
Most Popular

Laser-eyed Franklin Templeton focuses on Ethereum and Solana after Bitcoin

January 18, 2024

Is this threatening the Solana ecosystem? Yes, but SOL is safe because:

May 5, 2024

Shiba Inu is aiming to launch SHIB domains for email and websites.

December 20, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.