The Hong Kong Monetary Authority has published the Hong Kong Mortgage Corporation Limited’s Social Bonds Allocation Update and Impact Report 2025, setting out how the net proceeds from the HKMC’s three social bond issuances in 2022, 2023 and 2024 have been allocated and the social impacts achieved as of 30 June 2025. The report is accompanied by an Independent Practitioner’s Limited Assurance Report from PricewaterhouseCoopers covering the reported allocation and selected information disclosed in the report.