HKMA Exchange Fund not heavily allocated to China: senior executive
Exposure to renminbi assets is less than 15% for the fund dedicated to defending Hong Kong’s dollar peg. However, a fund executive cautions against missing out on a China rebound.
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The Exchange Fund of the Hong Kong Monetary Authority – the city’s de facto central bank – is not heavily allocated to China due to structural reasons, a senior executive said.
“For structural reasons, we're not heavily allocated to China,” said Albert Goh, chief investment officer for external managers of the Exchange Fund, during a panel discussion at the Milken Institute Global Investors’ Symposium in Hong Kong last week.
Albert Goh, HKMA
Goh didn’t elaborate on wheth…
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