Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

InFocus Launches Digital Ventures Strategy With Mythos Group To Push Into Blockchain, AI And Bitcoin

September 1, 2025

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 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

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025
Most Popular

Securitize proposes the BlackRock BUIDL fund as collateral for Frax USD.

December 23, 2024

This Altcoin Could Surpass Bitcoin by 2024

January 16, 2024

Algorand Foundation CEO’s X account was compromised

January 26, 2024
  • 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.