The current system in HK link HKD with USD in very well manner, it has cost that we all know how much, it also offer stability which is very important as a global city. If adopting Temasek-like sovereign fund, I guess it might come with converting HKD to make reference to a basket of currencies, as Singapore is doing. Interestingly, as HK is already an open platform with free capital account transfer, and despite not confirmed, China setup its currency backing and reserve management in the way similar to Singapore, such proposal make me feel like to link HKD to RMB, then HK would become a platform or test-bed to help China to push RMB further from today’s use in global trade of goods into future’s use in financial activities… this proposal is a distinct and rare item in financial section of Mr. Leung’s plan back in election, and was advocated by his election office chairman. I share Mr. Zhang view the current exchange fund should be best used to serve the society. It’s people’s wealth and my view is any proposal to change should be with good reason.
Just to note that the figures quoted on Exchange Fund and Fiscal reserves. The $2500 billion Exchange Fund asset and Fiscal reserve of $600 billion should not be added together. The Fiscal Reserve is Liability to the Exchange Fund. i.e. treat the Exchange Fund as a bank and it takes deposit from the Government Treasury. The Exchange Fund has other liabilities, mainly Exchange Fund Notes &Bills and Bank notes and coins. The net worth of Exchange Fund is only $577 billion. Its not as big as it appears. Refer to the HKMA Annual Report.
DPZ Blog 
The current system in HK link HKD with USD in very well manner, it has cost that we all know how much, it also offer stability which is very important as a global city. If adopting Temasek-like sovereign fund, I guess it might come with converting HKD to make reference to a basket of currencies, as Singapore is doing. Interestingly, as HK is already an open platform with free capital account transfer, and despite not confirmed, China setup its currency backing and reserve management in the way similar to Singapore, such proposal make me feel like to link HKD to RMB, then HK would become a platform or test-bed to help China to push RMB further from today’s use in global trade of goods into future’s use in financial activities… this proposal is a distinct and rare item in financial section of Mr. Leung’s plan back in election, and was advocated by his election office chairman. I share Mr. Zhang view the current exchange fund should be best used to serve the society. It’s people’s wealth and my view is any proposal to change should be with good reason.
十分認同老師所言。
再加上我們的議員，只懂『抽水』和反對，香港主權基金有小許損失，也只會成為他們攪分化，攪上街的借口吧！
老師：
據成報5月17日，“公務員事務局局長俞宗怡指，現時逾15.8萬名公務員當中，有逾12.6萬人，是根據長俸條款聘用。她稱，截至上個財政年度，領取長俸的退休公務員總數逾10萬3720人，預計每月平均退休金經常開支為18億4600萬元。”
假設12.6萬人都在2030年後退休而現時領取人數不變，則會有23萬人領取長俸，每年可能要500億元開支，真不知錢從何來?
像香港這樣負擔重的政府，世上少有。今日政府不還富於民，與這點不無關係。
杰克
Just to note that the figures quoted on Exchange Fund and Fiscal reserves. The $2500 billion Exchange Fund asset and Fiscal reserve of $600 billion should not be added together. The Fiscal Reserve is Liability to the Exchange Fund. i.e. treat the Exchange Fund as a bank and it takes deposit from the Government Treasury. The Exchange Fund has other liabilities, mainly Exchange Fund Notes &Bills and Bank notes and coins. The net worth of Exchange Fund is only $577 billion. Its not as big as it appears. Refer to the HKMA Annual Report.