Article: HONG KONG: HOUSING AUTHORITY TO INVEST PROCEEDS PRUDENTLY.(Brief Article)

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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