The fiscal reserves will be close to $300 billion after the handover, according to Lu Ping, Director of the Hong Kong and Macau Affairs Office. Speaking before meeting with a delegation of advisers to the Land Fund, Mr Lu said more than $100 billion from the Land Fund would go into the reserves after the handover. Together with the current $170 billion held by the Government, the total size of fiscal reserves would go up to at least $270 billion. Mr Lu emphasised the money would be returned in full to the Special Administrative Region government after the transfer of sovereignty. 'China will not take a single cent from the government after the handover,' Mr Lu said. He believed the money could play a role in stabilising the Hong Kong dollar after July 1. According to the 1996-97 Budget, the Government estimates that the fiscal reserves will stand at $150 billion on March 31.