Terms of Reference

  • To advise the Board on the Authority's investment objectives, guidelines and strategies, having regard to such classes or descriptions of investment as the Financial Secretary may specify in writing.
  • To monitor and oversee the investments made by the Authority and advise the Board on the Authority's strategic asset allocations to optimise its risk/return/liquidity objectives.
  • To advise the Board on the selection and appointment of investment consultants, fund managers and custodians and their terms and conditions.
  • To oversee and monitor the performance of investment consultants, fund managers and custodians appointed by the Authority; and to advise the Board on their performance and retention/termination, and the allocation of funds to fund managers.
  • To advise the Board on the selection and appointment of financial advisers on financing matters and their terms and conditions.
  • To oversee and monitor the performance of financial advisers; and to advise the Board on their performance and retention/termination.
  • To advise the Board on the terms and conditions of external borrowings; and to oversee and monitor external borrowings including without limitation, negotiating changes and advising the Board of any changes required to external borrowings.
  • To perform any other functions as may be delegated to it by the Authority or assigned to it by the Board in accordance with the West Kowloon Cultural District Authority Ordinance.