According to Hong Kong's Wen Wei Po, a Hong Kong Exchange Fund yesterday distributed transcripts of 2010, investment income during the period decreased by 27% compared with 2009, the return rate is only 3.6%, worse than in 2009. New year, the HKMA will keep pace with market pace for the yuan added to the large thermal assets. First, the HKMA has been approved by the People's Bank inter-bank bond market in the Mainland, the amount of 150 million yuan; the other is waiting for the SAFE announced QFII (qualified foreign institutional investors) status, prepared to invest in A shares. In addition to the South, the HKMA will also be involved in overseas property and private equity funds, to steadily increase the investment risk posture, Ji raise the long-term returns.
The HKMA has received 15 billion yuan of the China inter-bank bond market investment, the details are still being processed, do grant date to be determined, as will invest in that type of asset, the HKMA to market-sensitive Information refused to answer, only said that it would adhere to long-term diversified investment this The amount is a one-time, the HKMA refers to the amount depleted in use and then discuss with the relevant Mainland authorities whether to raise the amount.
the HKMA as early as October last year has been the QFII qualification, the current amount is still subject to notification to the State Administration and the details of the arrangements. Once the approved amount, the HKMA may invest in the Mainland Exchange listed stocks and bonds.
HKMA Chief Executive Norman Chan stressed at a press conference yesterday, about to set foot in the RMB Exchange Fund assets are merely the more than 2 trillion a small portion of the assets; and the HKMA the future through the People's Bank of Exchange RMB, as investment funds.
addition to join their yuan assets, the Exchange Fund Investment will also go the other direction through asset diversification. Last year, the HKMA set up a subsidiary to its new injection of 14.7 billion investment company, investing in emerging markets stocks and bonds, private equity funds, or even buying a property abroad to earn rent.
Eddie Yue, vice president at the briefing yesterday, much to the market-sensitive refused to invest through its diversified asset allocation, emphasize these investments are liquidity and safety of both high and continued to pursue long-term stable returns in mind, the future will continue to inject capital to the subsidiary investment companies.
to diversity even if the Exchange Fund Investment by traditional investment in Hong Kong stocks and U.S. bonds, to the gradual investment to emerging economies, but the prospect of this year's investment environment, Norman Chan that, although the U.S. stock market in the short term QE2, big corporate profits improve, consumer sentiment and other favorable factors, may be supported, but the U.S. economic fundamentals remain that there is no fundamental improvement, especially the United States, high unemployment, sluggish real estate market, U.S. households continued debt reduction, the federal government and local government debt issues, are likely to revive the U.S. economy continues to be adversely affected.
In addition, he added that now not sure whether the debt crisis in Europe to get real relief, or worse again. Meanwhile, emerging economies, including China, India and Brazil are facing capital inflows, high inflation and rising asset markets, the pressure of too fast, but also in different ways and degrees to take some control and tightening policies and measures. This series of factors will for this year's macro-financial environment and investment markets has brought considerable instability and uncertainty. Therefore, in the flank of the Exchange Fund Investment will remain cautious, at every step.
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