Building liquidity

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The Hong Kong Mortgage Corporation (HKMC) has had a challenging remit since it was set up in 1997: providing a reliable source of liquidity in the Hong Kong mortgage market to help reduce the concentration and liquidity risks of mortgage lending by its banks. As part of its efforts, the government-owned entity has been issuing retail mortgage-backed securities and other debt securities.

HKMC's retail bond programme has raised HK$12 billion ($1.5 billion) in bonds since 2001 through the issuan

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