“There are around $700 million reserves in the Community Chest of Hong Kong, that most of them will be saved in the bank and other part will be invested.” Louie Tong, the manager of the Community Relations of the Community Chest of Hong Kong said.
Tong explained that the point of investment is to raise the amount of money donations to help more people when attending the general assembly of Hong Kong Shue Yan University today. “We have HK$700 million reserves now, which mean our organization, can still operate two and a half more years without any donation. Therefore, we decided to use a very small part of reserves for investment,” said Tong, but he did not mention the exact number of investment.
Tong states that there are nine senior bankers to ensure all the investments are steady and moderate. “We would not invest property and high-risk investment, so the public do not need to worry,” he added.
The Community Chest of Hong Kong is an independent, non-profit making organisation neither funded, nor operated by the Government. 100% of the funds it raises will be used to enhance local social welfare services without any deductions.
[Another well focused article.]
[Grade: A]
