Tue, Sep 2, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

Hong Kong: Leung wealth fund plan gets backing

Posted on 16 May 2012

Leung Chun-yingChief Executive-designate Leung Chun-ying’s proposal to set up a “sovereign wealth fund” would help stabilize the SAR financial market and facilitate the government’s long-term investment plan, according to a top banker.
Tse Yung-hoi, deputy chief executive of BOC International, said the wealth fund can be funded through budget surpluses rather than from the Exchange Fund. “[The government] cannot keep coming up with handouts today when it has surpluses, and then raise taxes tomorrow when it doesn’t have enough money,” he told Sing Tao Daily, a sister publication of The Standard………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14659 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930