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Community Chest:low risk investment only

出自香港新聞網 - 樹仁新傳系學生實習習作

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Community Chest hired a group of veteran bankers to invest low-risk investment tools,which the charity promised not to use donation to repay debt if investment failed, said Louie Tong,community manger of Community Chest in Shue Yan University yesterday.

Community Chest said it used all donation on Hongkongers without taking out any service charges or prime cost, providing services to all age groups and supporting some small scale social welfare agencies,Tong said.

"Community Chest has 700 million reserve fund. A large sum of money will be keep in savings, and a small amount of money will be for investment," Tong said.

Tong said Community Chest will invest long-term, low risk and captial protected investment tools,and return was earned as a long term investment.

"We have meetings with our experienced bankers 6 to 7 times a year.If the banker cannot meet the required level, we would replace him," Tong said.

Community Chest had to ensure sufficient reserve fund because their memebers of social welfare agencies depended on the resources and capital provided by Community Chest, Tong said.

[Late submissin will not be edited.]

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