Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

It flashes again in July

July 6, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025

Watt protocol audit summary -ACKEE blockchain

July 11, 2025

MultiBank Group Confirms $MBG Token TGE Set For July 22, 2025

July 11, 2025

BTC, LTC, XRP and other crypto hobby holders can earn $5282 per day – SWL Miner

July 11, 2025

What It Means For Crypto Investors

July 11, 2025

PUMP.FUN tokens are traded at 40% premium at ICO prices.

July 11, 2025

Mine Bitcoin And Dogecoin For Free With DL Mining! UK Compliance Platform Officially Opened

July 11, 2025

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture With Decentralized Finance Ecosystem

July 10, 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

Rich Miner plan aims to audit a stable encryption.

July 12, 2025

Tethers in September, completing USDT support for Omni, Bitcoin Cash SLP, KUSAMA, EOS and Algorand

July 12, 2025

21.72% of encryption in the second quarter of 2025

July 11, 2025
Most Popular

Binance Square Extends ‘Write to Earn’ Promotion with Enhanced Rewards

August 26, 2024

Let’s stick together and get ready! Elon Musk and Cardano team up to defend Bitcoin against the ECB.

February 25, 2024

Taiwan’s central bank prioritizes CBDC development over speed

July 13, 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.