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Paul Chan: HK Has No Plans to Transfer Funds from Exchange Fund Again in Next 5 Yrs
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Financial Secretary Paul Chan announced in the Budget last week the first-time transfer of $150 billion from the Exchange Fund's investment income for infrastructure projects like the Northern Metropolis. Chan stated that Hong Kong has no plans to transfer funds from the Exchange Fund again in the next 5 years, and such transfer will not become a norm, according to the South China Morning Post. AASTOCKS Financial News Website: www.aastocks.com |
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