Hong Kong Regulations

GRANT SCHOOLS PROVIDENT FUND RULES - RULE 10

Investments

All sums considered by the board to be surplus to the normal cash requirements
of the fund may at the direction of the board be invested or deposited by-

   (a)  the treasurer; or

   (b)  any investment manager appointed by the board with the approval of the
        Financial Secretary, in such manner or by such method as the Financial
        Secretary may from time to time approve for that purpose, including
        the form of any contract, agreement, financial transaction or
        arrangement that may be entered into, and any dividends, interest,
        profits, gain or loss thereon shall be credited or debited to the
        fund. (L.N. 10 of 1987; L.N. 162 of 1996)