China has been expanding its outbound-investment channels, with a new quota granted and greater overseas allocation by the nation’s pension fund. However, the financial world beyond the mainland is seeing volatility as US bond yields hit 20-month highs.Here are some of the figures that have drawn the most market attention this week.US$6.84 billion in new quotas for mutual fundsEighteen money managers, including China Asset Management and GF Fund Management, received US$100 million each, while more than 20 Chinese banks’ wealth-management units received quotas for the first time.Hong Kong has 106 billionaires, second only to New York
Hong Kong’s billionaires, Treasury yields hit 4.78%: the numbers moving markets
China’s expanding outbound capital and US bonds’ surging yields are in spotlight this week.
96 words~1 min read
