Hong Kong Mortgage Corporation

Philip Li, senior VP of finance at HKMC, tells FinanceAsia about funding strategies and plans for 2003.

Hong Kong Mortgage Corp was established in 1997 by the SAR government with the principal objective of promoting the secondary mortgage market and is one of the highest profile borrowers in the HK dollar debt market. Philip Li, senior vice president of finance, tells FinanceAsia about HKMC's funding strategies and plans for the year ahead.

How much funding is HKMC looking to raise in 2003 How different is that from previous years

For 2003 the initial plan was to raise at least HK$11 billion. If a few large mortgage portfolio purchases under negotiation can be concluded, the figure may rise to between HK$15 billion and HK$17...

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