Finance Committee

Terms of Reference

To review the funding requirements and funding methods for URA, its redevelopment projects and other works;
To review and approve the terms and conditions of borrowing from all sources;
To review and approve addition and deletion of URA's bank list based on the approved selection criteria;
To review and endorse for Board's approval the investment objectives and investment categories of surplus funds and to approve any changes to the detailed investment guidelines;
To review and endorse for Board's approval financial and treasury policies;
To review and endorse for Board's approval the financial aspects of the Annual Business Plan and Five-year Corporate Plan as well as annual budgets;
To review and approve the minimum average market selling prices and target rents of development projects; and to approve other sales and leasing terms including sales and leasing strategies;
To review and approve any revisions or variations to the terms of committed development agreements other than those having significant financial implications; and
To review any other ad hoc situation that may have financial implications.

Chairperson	Mr Chow Chung-kong, GBM, GBS, JP
Members	Ms Ivy Chua Suk-lin Sr Alexander Lam Tsan-wing Ir The Honourable Michael Lee Chun-keung, JP Ms Elaine Lo Yuen-man, MH Professor Tang Bo-sin, MH The Honourable Tony Tse Wai-chuen, BBS, JP Ir Wai Chi Sing, GBS, JP, FHKEng