Hong Kong Monetary Authority

SWFI First Read, July 5, 2017

General Atlantic Hires Former HKMA Direct Investments CIO Private equity firm General Atlantic has hired Yong Hak Huh as a special advisor. He is the former Chief Investment Officer of Private Markets and Direct Investment at the Hong Kong Monetary Authority (HKMA). “We are excited to welcome Yong Hak to the firm as we expand […]

Follow the Money – Episode 13

This is the fourth episode of Global Connections. We continued the fast-paced discussion on Brexit and its impact on institutional investor confidence. Rachel and I wove a number of issues together such as asset owners and infrastructure, real estate and M&A in the Middle East, particularly on NBAD’s future corporate strategy. We tossed around the […]

sovereign wealth fund center asia

HKMA Establishes Infrastructure Financing Facilitation Office

The Hong Kong Monetary Authority (HKMA) formally launched the Infrastructure Financing Facilitation Office (IFFO), in a bid to promote Hong Kong as an infrastructure financing hub. Some of IFFO’s key functions will be to provide a platform of information exchange, promote market and product development, building capacity on infrastructure investing and facilitating infrastructure investment and […]

state street

HK Securities Regulator Fines State Street Global Advisors

On June 15th, 2016, the Hong Kong Securities and Futures Commission, commonly known as SFC, reprimanded and fined State Street Global Advisors Asia Ltd. (SSgA) HK$ 4 million. The fine was for a number of alleged failures relating to SSgA’s Tracker Fund of Hong Kong or TraHK, a famous unit trust. The concept of the […]

SWFI First Read, January 22, 2016

CalPERS CEO to Retire CalPERS CEO Anne Stausboll plans to retire, effective June 30, 2016. Stausboll spent 7 years at the pension giant. She has been CEO since 2009. Follow the Money: Episode 1 First Episode: here It is currently being hosted on Asset.tv which can be viewed off their site or a Bloomberg Terminal. […]

PBOC Permits Foreign Institutions to Participate in Domestic Interbank FX Market

The People’s Bank of China (PBOC) announced that a number of foreign central banks, sovereign funds and international financial institutions have been registered to participate in China’s interbank foreign exchange market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

sovereign wealth fund center asia

Hong Kong Getting Serious About Future Fund Formation

The complex world of sovereign wealth funds has grown rapidly in the last 10 years. As of February 2015, there are over US$ 7 trillion in sovereign wealth fund assets, trumping the U.S. defined benefit sector. Meanwhile, a new fund may be joining the SWFI’s sovereign wealth fund rankings. The Hong Kong government and Hong […]

Concierge Treatment: Private Equity Courts Mega Sovereign Funds and Pensions

Over the past few years, sovereign wealth funds have gained a bit of leverage over private equity managers. Sovereign funds like Kuwait Investment Authority (KIA), China Investment Corporation (CIC) and Abu Dhabi Investment Authority (ADIA), have taken ownership stakes in headline private equity firms such as The Blackstone Group and The Carlyle Group. As sapient […]

Hong Kong’s Foreign Reserves Reach 317 Billion December End

At the close of 2012, official foreign currency reserve assets of Hong Kong amounted to US$ 317.3 billion. The end of November 2012, foreign currency reserve assets tallied to US$ 305.2 billion. Hot money continues to flow into Hong Kong. According to the Hong Kong Monetary Authority (HKMA), US$7 billion of funds entered Hong Kong […]

HKMA’s Exchange Fund Looks to European Core Real Estate

According to various sources, the Hong Kong Monetary Authority through its exchange fund is planning to purchase around $500 million worth of commercial office properties in London and Paris. These properties will most likely be fully leased and in high traffic areas. Norway’s Oil Fund has already made strides in core property assets in London […]

John Mack and Joseph Yam joined CIC’s International Advisory Council

According to the CIC press release, “CIC recently appointed Mr. John Mack and Mr. Joseph Yam as members of its International Advisory Council (“the Council”), to serve a term of two years. Meanwhile Mr. Arminio Fraga and Mr. Lawrence Lau resigned from the Council due to personal reason or concern on potential conflict of interest […]

Standard Chartered Plc May Lose Right to Print Hong Kong Money

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