[Paul Chan: Hong Kong Will Not Withdraw from the Exchange Fund Again in the Next Five Years] BlockBeats News, March 2, according to the South China Morning Post, Hong Kong Financial Secretary Paul Chan stated that based on the latest medium-term forecast, there will be no further withdrawals from the Exchange Fund in the next five years, and the HK$150 billion withdrawal will not become a norm. He emphasized that the total assets of the Exchange Fund exceed HK$4.1 trillion, and this withdrawal is equivalent to only half of last year's investment income, which will not affect financial stability or the linked exchange rate system. Paul Chan revealed that in the future, the proportion of long-term bond issuance will be increased to better match the cash flow and debt maturity of infrastructure projects. It is expected that the government debt-to-GDP ratio will rise from 14.4% to about 19.9% in the next five years, which remains at a relatively low level internationally.