Question 4 (20 marks)
(a) The Hong Kong government became an active market participant which bought about US$15 billion shares of companies trading on the Hang Seng Index in August 1998 in the face of the Asian economic crisis. Discuss the pros and cons of its actions. (10 marks)

(b) Discuss the major risks of buying Exchange Traded Funds (ETF). (5 marks)

(c) What are the major challenges in developing ETF products in Hong Kong?
(5 marks)

4. project memo your supervisor has asked you to create a final copy of a memo announcing a special project. open the microsoft® word file ch01 memo from the data files. edit the memo to correct errors in keyboarding, punctuation, spelling, and word usage. submit the edited document to your instructor along with this assignment.to: department supervisorsfrom: tomas perezdate: january 3, 20--subject: playground projectas you now, are offices are close each year on observance of martin luther king, jr. day. this year, the company is organizing a service project for that day. we will be clean up the grove street playground and panting bushes, blubs, and flowers. the company is donating now playground equiptment and park benches. cleanup gear and tools will be provided, and a cook out will conclude the days’ activities. farther information will be provided as the date draws nearer. encourage the employee in you department too participate in this worthwhile effort.

How long have u been on dis website

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a