22nd June, 2026
According to recently released figures, China’s biggest sovereign wealth fund is nudging US$2 trillion in AuM. The more interesting point, though, is not the ranking and scale, but where the money appears to sit and how China is using Hong Kong to keep offshore investing within a controlled financial perimeter.
Subscriber Post
25th February, 2026
Hong Kong’s 2026/27 Budget proposes transferring HK$150 billion (US$19 billion) from the Exchange Fund’s investment income to the Capital Works Reserve Fund over two years to support the Northern Metropolis and related infrastructure, as outlined in the 2026 Budget Speech.
Subscriber Post
4th December, 2025
Saudi Arabia’s Public Investment Fund (PIF) is deploying only around 20% of its capital abroad, but within that slice, Developed Asia has become a small but strategically important cluster.
Subscriber Post
1st April, 2025
The Hong Kong Monetary Authority (HKMA) was formed in 1993 following the merger of the Commissioner of Banking and the Exchange Fund. The Exchange Fund’s reserves currently stands at around half a trillion USD, making it one of the world’s largest central bank reserves and one of the most significant asset owners.