Hong Kong recently approved a legislative amendment clearing the way for the city to invest its residents’ pension fund in debt securities issued or guaranteed by Beijing. The move comes when foreign investors are ditching Chinese debt at a record pace. Mandatory Provident Fund (MPF) is a compulsory pension scheme designed to provide retirement savings…
Hong Kong to Facilitate MPF Investments in Chinese Debts as Foreign Investors Leave
Montenegro Close to Deal on Lifting Chinese Debt Burden: Minister
LONDON—Montenegro is weeks away from securing a deal to either swap or refinance with European and U.S. banks nearly $1 billion in debt owed to China, and hopes to reduce the interest rate on the debt to below 1 percent, Economy Minister Jakov Milatovic told Reuters. Montenegro borrowed $944 million from China in 2014 to…
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