24.06.2011 - HKMA Chan: HKMA investing in China equity, bond markets via QFII
The Hong Kong Monetary Authority has begun investing in China's domestic equity and bond markets after being granted a Qualified Foreign Institutional Investor license in November, allowing the territory to diversify its foreign-exchange reserves into the Chinese yuan, Chief Executive Norman Chan said. China has issued QFII licenses to other central banks, including those of Norway and Malaysia, as well as to sovereign-wealth funds in Singapore and Abu Dhabi, as part of its bid to increase the use of the yuan around the world...............................................Full Article: Source
Print