Chief Executive, Mr Chui Sai On, meets the press.
Chief Executive, Mr Chui Sai On, said the Government would submit proposals to the Legislative Assembly before using its surplus reserves for investments. He stressed the Government would invest its surplus reserves on the principles of capital protected, secure, with certain returns and a withdrawal mechanism. Speaking to reporters on 28 August, Mr Chui said the Government would strictly follow the Budget Framework Law and the law regulating financial reserve: investing the surplus reserves only when it was approved by the legislature. In addition, the discussion of Guangdong investment projects had not yet started and there was no decision made on any project yet, said Mr Chui. In views of the recent volatility of stock markets, Mr Chui assured that the Government foresaw a yearly positive return, adding that only a small portion was invested in stocks. Taking into account of the fluctuation of financial markets, Mr Chui urged residents to pay close attention to risk management before investing.