The Government plans to dispose of up to $12 billion of its share portfolio in coming months by issuing more Tracker Fund units, according to Exchange Fund Investment (EFI).
EFI, which manages the portfolio for the Government, said the units would be issued under the fund's 'tap facility' from April 1 to June 30.
The tap facility sees shares sold to the Tracker Fund in response to public demand.
A disposal of $12 billion would represent about 6 per cent of the Government's remaining holdings of Hang Seng Index equities.
These holdings are believed to be worth at least $200 billion.
Since its initial issue of $33.3 billion worth of Tracker Fund units in November, the Government has disposed of an additional $15 billion worth of shares, all through the tap facility system.
