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Article: HONG KONG: HOUSING AUTHORITY TO INVEST PROCEEDS PRUDENTLY.(Brief Article)
- Article from:
- IPR Strategic Business Information Database
- Article date:
- June 12, 2005
CopyrightCOPYRIGHT 2005 Info-Prod (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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According to news.gov.hk, the Housing Authority will adopt a balanced option in investing the proceeds of its anticipated divestment of its retail and car park facilities, expected to be about $30 billion. Last October, the authority engaged an investment consultant to review its future investment strategy, and to provide a conservative option, a balanced option and an aggressive option. Members of the Housing Authority Finance Committee decided to focus on the balanced option allowing for a higher return without increasing the overall level of risk. "The review of Housing Authority's investment strategy is one of the initiatives to enhance the Housing Authority's ...
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