13th November, 2023
On Friday, Reuters reported that the China Investment Corporation (CIC) finally found a new chief representative officer for its only overseas office, almost a year after it became vacant. Clare Xiaoqing Bai, a Managing Director that currently serves as Global Head of Private Equity, will move from Beijing to New York to replace Hong Zhang, a trained attorney that spent six years trying to improve the relationships and in-roads of CIC with the Committee on Foreign Investment in the United States (CFIUS).
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7th November, 2023
The sovereign wealth fund attached to the Hong Kong Monetary Authority (HKMA) is ploughing a new furrow, tying itself closer to China’s Belt and Road Initiative by forging a HK$16 billion (US$2.1 billion) co-investment platform with the Beijing’s Silk Road Fund.
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13th June, 2023
Today marks the closing date for applications for the position of CEO of Hong Kong’s new sovereign wealth fund, the Hong Kong Investment Corporation (HKIC), which consolidates various investment vehicles established by the special administration region’s central bank, the Hong Kong Monetary Authority (HKMA).
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30th November, 2022
The latest financial results by the US$309 billion Investment Corporation of Dubai (ICD) and the US$503 billion Hong Kong Exchange Fund could not be more different.
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21st October, 2022
The Hong Kong SAR government is seeking to turn its back on a turbulent period with efforts to entice investors, including the establishment of a HK$30 billion (US$3.82 billion) a co-investment fund, under a new Hong Kong Investment Corporation (HKIC).
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29th July, 2022
In a move that emulates the strategic approach of Singapore’s Temasek, the Hong Kong Monetary Authority’s (HKMA) Hong Kong Growth Portfolio is establishing a HK$5 billion (US$637 million) Strategic Tech Fund, Finance Secretary Paul Chan Mo-po told the South China Morning Post this week.
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10th June, 2022
Last week, the State Administration of Foreign Exchange, widely known as SAFE, released the latest data on China’s international investment position. SAFE functions as a bureau with vice-ministerial rank under the Central Bank, the People's Bank of China (PBOC), and manages the country’s foreign reserves among other external assets.
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8th June, 2022
Global SWF has taken stock of portfolio losses in local currency terms and finds that the value of state owned investors' AUM has taken a hammering since Russia’s military action in Ukraine with hundreds of billions of US dollars wiped off their portfolios - yet, there is still a chink of light in the gloom.
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2nd May, 2022
Comparing returns across State-Owned Investors is never easy and it always takes a lot of assumptions and disclaimers. Yet, most funds have now reported their FY21 results, and we have looked at the average investment returns for the past six years (which we consider a fair investment cycle) across 20 major SWFs and 20 major PPFs in an apples-to-apples analysis.
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3rd March, 2022
The Hong Kong authorities are pumping fresh funds into the territory’s sovereign investment fund to boost the tech sector at a time when it is experiencing a rapid brain drain.
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