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Finance Committee

Terms of Reference

  • To review the funding requirements and funding methods for URA, its redevelopment projects and other works;
  • To review and approve the terms and conditions of borrowing from all sources;
  • To review and approve addition and deletion of URA's bank list based on the approved selection criteria;
  • To review and endorse for Board's approval the investment objectives and investment categories of surplus funds and to approve any changes to the detailed investment guidelines;
  • To review and endorse for Board's approval financial and treasury policies;
  • To review and endorse for Board's approval the financial aspects of the Annual Business Plan and Five-year Corporate Plan as well as annual budgets;
  • To review and approve the minimum average market selling prices and target rents of development projects; and to approve other sales and leasing terms including sales and leasing strategies;
  • To review and approve any revisions or variations to the terms of committed development agreements other than those having significant financial implications; and
  • To review any other ad hoc situation that may have financial implications.


Chairperson Mr Chow Chung-kong, GBM, GBS, JP

Ms Ivy Chua Suk-lin 
Sr Alexander Lam Tsan-wing
Ir The Honourable Michael Lee Chun-keung, JP
Ms Elaine Lo Yuen-man, MH     
Professor Tang Bo-sin, MH      
The Honourable Tony Tse Wai-chuen, BBS, JP 
Ir Wai Chi Sing, GBS, JP, FHKEng