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If US Loses All AAA Ratings, HK MPF Managers Will Sell Off US Treasuries: Wire
Hong Kong's MPF managers have formulated preliminary plans to reduce their holdings of US Treasuries within three months if the US loses its last AAA credit rating, foreign med...
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If US Loses All AAA Ratings, HK MPF Managers Will Sell Off US Treasuries: Wire
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Hong Kong's MPF managers have formulated preliminary plans to reduce their holdings of US Treasuries within three months if the US loses its last AAA credit rating, foreign media reported, citing sources.

Hong Kong's MPF sizes HK$1.3 trillion, report said. According to regulations, management institutions can only invest more than 10% of their funds in Treasuries if the US has a AAA or equivalent rating from an approved agency.

Related NewsFactory Orders MoM for May in United States is 8.2%, higher than the previous value of -3.9%. The forecast was 8.2%.

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