People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Investment Funds Sector Liquidity Stress Testing

The Hong Kong Special Administrative Regime (HKSAR) is home to a fast-growing and highly international investment fund industry. The public investment fund industry authorized in HKSAR has grown rapidly from US$628 billion in 2008 to US$1.6 trillion in net asset value (NAV) in 2020. The locally domi...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2021
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Hong Kong Special Administrative Region, People's Republic of China 
653 |a Payment Systems 
653 |a Economics 
653 |a Liquidity risk 
653 |a Finance 
653 |a Industries: Financial Services 
653 |a Banks and banking 
653 |a Regimes 
653 |a Financial sector policy and analysis 
653 |a Money 
653 |a International organization 
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653 |a Capital and Ownership Structure 
653 |a Goodwill 
653 |a Currencies 
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653 |a Institutional Investors 
653 |a International Organizations 
653 |a Pension Funds 
653 |a Monetary economics 
653 |a Financial institutions 
653 |a Value of Firms 
653 |a Financial Instruments 
653 |a International agencies 
653 |a Liquidity stress testing 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Asset and liability management 
653 |a Liquidity 
653 |a Non-bank Financial Institutions 
653 |a Banks and Banking 
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520 |a The Hong Kong Special Administrative Regime (HKSAR) is home to a fast-growing and highly international investment fund industry. The public investment fund industry authorized in HKSAR has grown rapidly from US$628 billion in 2008 to US$1.6 trillion in net asset value (NAV) in 2020. The locally domiciled sector grew from US$121 billion in early 2015 to almost US$155 billion in 2020. Open-end funds authorized for sale in HKSAR are substantially invested in foreign assets and significantly invested in by non-HKSAR residents and are therefore reactive to international liquidity and price conditions. Locally domiciled funds invest their portfolios in both local and overseas assets markets, while they are overwhelmingly funded by HKSAR investors