Trading fund
A trading fund is an executive agency, government department, or often simply a part of a department that enables the department to handle its own revenues and expenses separately from overall government finances and more like a business, as opposed to having to obtain funding from the government's legislature and feeding income back into its treasury. A Hong Kong parliamentary study of trading funds in the UK and Hong Kong describes their nature and purpose as follows: A trading fund is a financial and accounting framework established by law to enable a government department, or part of a department, to adopt certain accounting and management practices common in the private sector.