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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

HK fund won’t invest entirely in US assets-Yam

Posted on 09 December 2008

From Reuters: Hong Kong will not invest its Exchange Fund entirely in liquid U.S. assets and the fund is keeping its distance from the sovereign wealth fund label, the head of Hong Kong’s central bank said in an interview on Monday.

Speaking to specialist magazine Central Banking, Joseph Yam also said foreign exchange reserve holders are a stabilising force for global markets and maintaining financial stability is in their interest….. Full Article: Source


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