Hong Kong Monetary Authority (HKMA)
Lower valuations, less leverage could drive China PE returns - HKMA Forum
China private equity could deliver some strong vintages relative to other markets given falling valuations, a deepening pool of management talent, and a historical emphasis on driving returns through growth rather than leverage, industry participants...
Asia’s LP landscape: North to south
Pools of institutional – and less institutional – capital in Asia are deepening, but it remains a multi-speed market with some investors just beginning their alternatives journey and others achieving maturity
Hong Kong: Action on innovation
Efforts to turn Hong Kong into a technology ecosystem are still at an early stage. Investors and start-up founders believe many of the ingredients are there, but the recipe can be flawed or ignored
Hong Kong pledges more capital for local start-ups
The Hong Kong government is stepping up its investments in technology start-ups, pledging additional funding to programmes run by HKSTPC, an incubator under Hong Kong Science & Technology Park, and Cyberport.
China's CIC becomes largest state-owned investor - report
China Investment Corporation (CIC) surpassed Japan’s Government Pension Investment Fund (GPIF) and Norway’s Norges Bank Investment Management (NBIM) to become the world’s largest state-owned investor in 2022, according to Global SWF Tracker.
Hong Kong's Future Fund to set up tech investment pool
A HKD 5bn (USD 640m) strategic tech fund will be established under Hong Kong’s Future Fund as part of an initiative to make direct investments that underpin the territory’s status as a hub for finance, commerce, and innovation as well as generate...
Hong Kong regulation: Carry on
The proposal to place a 0% tax on carried interest has been welcomed in Hong Kong, but PE industry participants are quietly looking to Hong Kong Monetary Authority to ensure balanced execution of the policy
PE firms look to move fund management companies onshore - AVCJ Forum
Private equity investors are willing to reconsider their options regarding the location of their fund management companies even as they remain wedded to the Cayman Islands as a domicile for funds, the AVCJ Forum heard.
ESG reporting pressures pile on GPs, LPs – AVCJ Forum
Rising compliance standards and COVID-19 have heightened the need for detailed reporting on environmental, social and governance (ESG) issues, LPs told the AVCJ ESG Forum.
Q&A: Hong Kong Monetary Authority's Anson Law
Hong Kong’s updated limited partnership ordinance came into force this week. Anson Law, a senior manager for market development at Hong Kong Monetary Authority, explains why it’s important for the territory
Hong Kong's Future Fund to make direct investments
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an aging population and slower economic growth, will make a 10% allocation to direct investments that support the local economy.
Hong Kong seeks to address carried interest concerns
The Hong Kong government has pledged to resolve uncertainty within the private equity industry on the taxation of carried interest as part of efforts to make the territory more attractive to fund managers.
Q&A: Hong Kong Monetary Authority's Clara Chan
Clara Chan, CIO for private markets at the Hong Kong Monetary Authority, discusses ever-larger pan-Asian funds, approaches to co-investment, addressing economic volatility, and the evolving GP-LP relationship
Hong Kong Monetary Authority to boost long-term investments
The Hong Kong Monetary Authority (HKMA) plans to increase investments from the its long-term growth portfolio (LTGP) – the majority of which is deployed in private equity – in response to a “high complex and unpredictable” global political and...
Hong Kong Monetary Authority doubles alternatives commitments in 2015
The Hong Kong Monetary Authority (HKMA) made new or approved private equity and real estate commitments of $9.7 billion in 2015, double the previous year’s allocation.
Hong Kong's Future Fund: Securing the future
Hong Kong’s new Future Fund has initial capital of $28 billion and a remit to invest aggressively in alternatives. To understand its approach, one must understand the Hong Kong Monetary Authority
Neuberger Berman names ex-HKMA executive as head of Asia PE
Kent Chen, a former manager at the Hong Kong Monetary Authority (HKMA), has been appointed managing director at Neuberger Berman and head of the firm's Asia Pacific private equity efforts.
Hong Kong's Future Fund advised to target alternatives
Hong Kong’s Future Fund, a vehicle intended invest budget surpluses to cover future liabilities arising from an ageing population and slower economic growth, has been advised to target long-term, less liquid assets such as private equity.
Asia has more than one third of global sovereign assets – study
Asia accounts for 39% of the $5.2 trillion in sovereign wealth fund (SWF) assets globally, with China alone holding $1.49 trillion, according to a new study.
Hong Kong Exchange Fund doubles PE investment in 2011
Hong Kong’s Exchange Fund, the vehicle responsible for managing foreign-exchange reserves, has diversified its portfolio by doubling commitments to private equity and real estate.