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Feb

22

Chinese State Fund’s Broker Says It’s Buying Hong Kong Stocks

By Tony Seruga

Guotai Junan has been trading on the fund’s behalf, Yim says
Hong Kong’s benchmark gauge has rallied to 1 1/2 year high

China’s $278 billion social security fund has started investing in Hong Kong equities to achieve higher returns, according to one of the nation’s top brokers.

Guotai Junan Securities Co. and its Hong Kong unit have been providing the social security fund with investment advice and trading services for mainland and Hong Kong stocks, Yim Fung, chairman and chief executive officer at Guotai Junan International Holdings Ltd., said in an interview on Wednesday…

Chinese State Fund’s Broker Says It’s Buying Hong Kong Stocks

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