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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Angola state fund keen on Hong Kong capital markets

Posted on 28 April 2014

Angola’s sovereign wealth fund, Fundo Soberano de Angola, is looking to invest in Hong Kong’s capital market and seeking Chinese partners to co-invest in Africa, said fund chairman Jose Filomeno dos Santos. “We are considering co-investing in the Hong Kong capital market. Hong Kong is a bridge to [the mainland] and it allows repatriation of profits and more flexibility of capital movements. That is important for us as a foreign investor,” said dos Santos, a son of Angolan President Jose Eduardo dos Santos.
The fund’s international investments in Hong Kong would be mainly in government bonds, bonds issued by the mainland’s state-owned enterprises and currency instruments, he said. “Hong Kong is a platform for investment in the yuan. We will see whether it is a good investment avenue.”……………………………………….Full Article: Source


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