Hysan Development has no need to dispose of property and securities investments as its debt has reached a satisfactory level, according to managing director Peter Lee Ting-chang.
'We will not sell assets and we would like to explore development opportunities,' he said.
The company was still holding a 'substantial block' of shares in China Telecom (Hong Kong).
Hysan said earlier that the value of its marketable securities portfolio had fallen to less than $1 billion, of which China Telecom accounted for 80 per cent.
Mr Lee declined to disclose the company's level of debt.
The company has reduced its debt to about $6 billion from $7 billion, according to analysts, Mr Lee said it was sensible for it to keep reducing debt given the uncertain economic outlook.
Analysts said monthly rental income from Hysan's investment property portfolio was sufficient to repay its debts.