18.
A more
immediately
12 -
available option would be an
exchange rate hedging programme. Preliminary exploration of
a purchase of receivables and an exchange rate hedging scheme
by the consultant are at Appendices I & II.
RECOMMENDATIONS
19.
The
consultant
recommended
that the receivables
purchase and exchange rate hedging schemes be further
investigated and an actuary and a team of expects from the
derivatives and debt markets should be commissioned for a
follow up study. He also recommended that consideration be
given by the Hong Kong Government to requiring private sector
maintain 50% of their assets in Hong Kong
pension
scheme to
dollars.
.....