Hong Kong’s Exchange Fund has caught the Brics-and-beyond fever. The world’s 8th largest foreign-exchange reserves fund with assets totalling HK$2,345.7bn (US$300.7bn) has announced plans to diversify its holdings in 2011 by buying emerging market bonds and equities.
But central banks needn’t be too worried about another source of hot money, because the fund is likely to focus its investments on China.
A spokesperson from the Hong Kong Monetary Authority told beyondbrics:
您已阅读20%（474字），剩余80%（1880字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。