BoCHK Asset Management will launch a fund that invests in fixed income securities issued by companies located or operating in Belt and Road countries and regions.
Chief executive officer Shen Hua said that as the cycle of hiking US interest rates will end soon and rates will be relatively stable, downward pressures on emerging markets has been greatly eased, and therefore the time was ripe for launching the new fund.
China this week unveiled a development plan for the Greater Bay Area, and BoCHK chief investment officer Han Jianchiu said the bank was confident about the plan because it has been very successful in Southern China.
BoCHK also plans to issue fund products focusing on the Greater Bay Area market.
