Taiwan $235 Billion Pension Avoids Hong Kong Firms for Mandates
The article discusses how one of Taiwan's largest pension funds, worth $235 billion, has advised external firms against using Hong Kong-registered entities to manage its assets. This decision highlights the geopolitical challenges facing Hong Kong as it strengthens its financial ties with mainland China. The pension fund's move is seen as a response to the political tensions between Taiwan and China, as Taiwan seeks to distance itself from China's influence. The article suggests that the pension fund's decision reflects the growing concerns among Taiwanese investors about the potential risks of using Hong Kong-based firms for asset management, given the city's closer integration with the mainland. The article provides insight into the broader geopolitical dynamics affecting the financial industry in the region, as Taiwan and China continue to navigate their complex relationship.
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