Financial Secretary Donald Tsang Yam-kuen said yesterday the Government would not sell the stocks it bought during its market intervention in the near future. In the long run, he said, the Government was hoping to formulate an investment strategy for Hong Kong's reserves in 'several years' time' to determine how much it should invest in local shares. Mr Tsang was speaking after visiting nine cities in four countries in three weeks to drum up support in strengthening control over capital flow and to explain the intervention in the financial markets in August. The financial chief said that the stocks bought would not be sold in the near future. 'We will only do so after the market becomes stable. We do not want to make profits, but to stabilise the market. 'In the longer term, we need to see what is the best way to invest our reserves. 'At present, most of our reserves are kept in the form of foreign exchange. The question will be whether we should invest in stocks and, among them, how much they should be local stocks. These are long-term issues. 'And after we come up with the optimum level of Hong Kong stocks in our investment portfolio, we can look at how much local shares we are holding. 'If we found then what we are holding is a bit more than what we should, we can slowly sell it, making sure the market will not be destabilised,' Mr Tsang said.