Chinese government-backed bonds to drive MPF returns in 2022
Experts believe it’s the right time to gradually increase MPF exposure to Chinese government and policy bank bonds, while interest rates in China are expected to stay low.
The Hong Kong government’s plan to relax restrictions for its $154-billion retirement scheme to invest in Chinese government and policy bank bonds can help drive performance and offer diversification benefits, experts of the city’s Mandatory Provident Fund (MPF) said.
If implementation goes well, the industry will also support the gradual opening up to other Chinese government issuers, such as state-owned enterprises and local governments, they told AsianInvestor.
Hong Kong’s Fi…
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