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

June 15, 2021

Preview Citation

Format: Chicago

People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Technical Note-Investment Funds Sector Liquidity Stress Testing, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Summary

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.

Subject: Asset and liability management, Currencies, Financial institutions, Financial regulation and supervision, Financial sector policy and analysis, International organization, Liquidity, Liquidity risk, Liquidity stress testing, Monetary policy, Money, Mutual funds

Keywords: Currencies, Fund industry, Fund liquidity stress test, Global, HKSAR fund industry, HKSAR mutual fund industry, Liquidity, Liquidity risk, Liquidity stress testing, Mutual funds, People's Republic of China-Hong Kong Special Administrative Region FSAP

Publication Details

Pages:

29
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/120
Stock No:

1HKGEA2021008
ISBN:

9781513584331
ISSN:

1934-7685

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