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  1. Nationalistic barriers

    Posted Dec 13th 2007, 12:00am by James Dorn

    ... to subsidise American goods and to hold so much US public debt. Beijing has created a sovereign wealth fund to begin diversifying and to earn a higher return on its foreign exchange holdings. ... of sovereign wealth funds on US economic and national security is largely misplaced. It would be far better for future US prosperity if China were to diversify out of US public debt and into private ...

  2. Yuan holdings start to take off

    Posted Mar 19th 2012, 12:00am

    ... in the yuan as a reserve currency. Investing in yuan is something that the central banks are considering,' said Daniel Navia, director for central banks and sovereign wealth funds at BBVA, ...

  3. Official calls for yuan convertibility

    Posted Nov 20th 2008, 12:00am by Staff Reporter

    ... striving to wield its power in the financial world amid the deepening financial meltdown. On Monday, Jin Liqun, the supervisory board chairman of the mainland's US$200 billion sovereign wealth fund, said Beijing would demand a more significant role in the global financial system if it was to inject additional capital into the International Monetary Fund. A source close to the PBOC ...

  4. Despite slide, dollar's reserve status secure

    Posted Mar 31st 2008, 12:00am by Tom Holland

    ... with undiminished vigour. According to the US Treasury, foreign central banks and sovereign wealth funds bought US$75 billion of dollar assets in January alone. Among the biggest buyers is China. According ...

  5. Business - Comment - MONITOR

    Davos talk of new currency war is wildly exaggerated

    Posted Jan 28th 2013, 12:00am by Tom Holland

    ... policies. The head of the Kuwait Investment Authority feared a wave of devaluations across Asia. And Jin Liqun, supervisory chairman of China's US$482 billion sovereign wealth fund, warned ... policy is a naked attempt to force down the yen and risks triggering a destructive round of competitive devaluations by other major economies. Hedge fund manager George Soros forecast foreign ...

  6. Let's hope the HK government understands what it's in for

    Posted Aug 17th 2011, 12:00am

    ... central banks, sovereign wealth funds and national pension funds are all heavily overweight US dollar assets and want to reduce their exposure. Over the past few years, this urge to diversify has seen a significant flow of funds out of the US dollar and into currencies like the Swiss franc, the Australian dollar and even the Norwegian krone, pushing them all higher. Today it is one ...

  7. China's message to the G8 unlikely to go down well

    Posted Jul 03rd 2009, 12:00am by Tom Holland

    ... Beijing's official foreign-exchange reserves were worth US$1.954 trillion. But even that huge amount is only a part of the story. Add in funds managed by the country's sovereign wealth fund ... currency. Used by the International Monetary Fund, the SDR is an obscure unit of account made up of 63 US cents, 41 euro cents, 9 pence and 18 yen. Its composition is reviewed every five years, ...

  8. The dangers of a new global reserve currency

    Posted Apr 02nd 2009, 12:00am by James Dorn

    ... of the dollar would fall sharply- and all those who hold dollar debt would suffer a loss of wealth. China, with nearly US$2 trillion in foreign exchange reserves, would be the biggest loser if the US ... Rights, or SDRs, a synthetic currency created by the International Monetary Fund in 1969. Currently, the value of an SDR is defined by a basket of key currencies (the dollar, euro, yen and pound). ...

  9. Exchange Fund leaps back into profit

    Posted Jul 22nd 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The Exchange Fund, the reserve that backs the city's currency, reported profit of HK$46.3 billion in the first half of the year, thanks to earnings from ... sovereign debt crisis. The benchmark Hang Seng Index dropped 3 per cent in the first half of this year. 'The investment income reflects the weakness of the stock markets in the first half ...

  10. Tips from the top

    Posted Jul 09th 2012, 12:00am

    ... and slowing economic growth have made Indian equities less attractive to foreign investors, denting demand for the Indian rupee. Second, there is concern around the sovereign rating. Standard & ... to participate in a stock market rally, if one happens? Carl Berrisford, analyst, UBS CIO Wealth Management Research, responds: Hong Kong-listed convertible bonds offer attractive yields relative ...




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