28.01.2010 - Exchange Fund not a 'sovereign' vehicle, says financial chief
From Thestandard.com.hk: The Hong Kong Monetary Authority will not use the Exchange Fund to set up a sovereign wealth fund, Financial Secretary John Tsang Chun-wah told Legislators. "The Exchange Fund is not a pure investment fund," Tsang said, noting that its main purpose is to ensure the stability of the Hong Kong dollar......................................Full Article: Source
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