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Hong Kong's HKMA, Saudi's PIF to anchor $1b investment fund 

Hong Kong's HKMA, Saudi's PIF to anchor $1b investment fund 

Deputy Chief Executive of the Hong Kong Monetary Authority Darryl Chan (front row, left) and the Head of Local Real Estate Investments Division of the Public Investment Fund (PIF), Aiman Almudaifer (front row, right), sign a memorandum of understanding for a new investment fund in the presence of the Financial Secretary of Hong Kong Speicial Administrative Region Government, Paul Chan (back row, left) and the Governor of the PIF, Yasir Alrumayyan (back row, right). Source: HKMA.

Simran Vaswani

01 November, 2024

Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) and the Hong Kong Monetary Authority (HKMA) signed an agreement on Thursday to anchor a joint fund with a target size of $1 billion, according to an announcement. 

Edited by: Pramod Mathew

Hong Kong Monetary Authority (HKMA).Public Investment Fund (PIF)

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