Type of Assets
(a) cash, bank deposits and
investments maturing within 6 months
CONFIDENTIAL
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THE EXCHANGE FUND
STATEMENT OF THE DISTRIBUTION OF THE FUND'S ASSETS AS REQUIRED UNDER PARAGRAPH 4 OF THE INVESTMENT POLICY AND ACTUAL DISTRIBUTION AS AT 31 DECEMBER 1991
Appendix IV
(b)
investments with a maturity
exceeding 5 years but
not exceeding 10 years
(c)
investments having a maturity exceeding 10 years
Notes:
Required under investment policy
(HK$ million)
Actual (HK$ million)
Favourable/(unfavourable)
variance (HK$ million)
minimum 42,583.98
minimum 25 (Note 1)
101,350.00
59.50
58,766.02
34.50
maximum 17,033.59
maximum 10 (Note 1)
15,845.31
9.30
1,188.28
0.70
Not permitted
They
(1) The percentage is calculated on the funds directly managed by the Office of the Exchange Fund (1.e. HK$170,335.91 million).
exclude the loan to The Hong Kong Futures Guarantee Corporation Limited and investments in The Hong Kong Air Cargo Terminals Limited and Overseas Trust Bank Limited.
D
1
CONFIDENTIAL