menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Hong Kong:...
source image

Global Finance Magazine

2d

read

210

img
dot

Image Credit: Global Finance Magazine

Hong Kong: Pension Authority Warns Of US Debt Selloff

  • Hong Kong's Pension Authority has warned fund managers of possible US debt selloff.
  • Mandatory provident funds in Hong Kong amount to around $167 billion, with 37% invested in bonds and balanced funds.
  • Fund managers may need to sell US government bonds due to potential credit rating downgrades.
  • Moody's downgraded US sovereign debt due to high interest rates and budget deficits, while Hong Kong maintains stable credit ratings.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app