Hong Kong Monetary Authority chief on emerging economies' foreign reserves
Posted by Editor on August 28, 2008 at 05:04 AM
Joseph Yam, chief executive of Hong Kong Monetary Authority (HKMA), writes that, “The impact of foreign-reserves accumulation on global finance should generally be favourable because the management of official reserves is usually more stable than the management of private capital.”
Hong Kong Monetary Authority forms alternative investment group for Exchange Fund
Posted by Editor on August 25, 2008 at 12:44 AM
Thomson Reuters writes that, “[Chinese-language Apple Daily reports that] Sources say the Hong Kong Monetary Authority [HKMA] has formed a new group dedicated to bringing in high-risk alternative investment products to the Exchange Fund portfolio in a bid to boost its investment return.”
Hong Kong Exchange Fund foreign assets down $6.3bn
Posted by Editor on June 16, 2008 at 08:10 AM
The Hong Kong information services department reports that, “The Exchange Fund’s foreign assets amounted to $1.199 trillion in May, down $6.3 billion on April, the Monetary Authority says.”
Here is the relevant HKMA press release.