China's Foreign Exchange Reserves to Increase Hong Kong Asset Allocation, Says PBOC Governor on July 7

According to Jin10, China's central bank governor Pan Gongsheng stated on July 7 at the Hong Kong Fixed Income and Currency Summit that the country's foreign exchange reserves will continue to increase the proportion of asset allocation in Hong Kong to boost development of the city's capital market. He noted that over the past year-plus, China's forex reserves have been consistently conducting asset allocation and investment transactions in Hong Kong.
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