Private Credit Market Challenges Hong Kong Investors

The latest issue of Money Monday explores the impact of geopolitical tensions on the Asian dollar bond market and examines the challenges faced by Hong Kong's private banking clients in the U.S. private credit market. According to Ming Pao, the Mandatory Provident Fund Schemes Authority (MPFA) clarified in a written response to Money Monday that private credit funds are not included in the investable asset classes for the Mandatory Provident Fund (MPF), and thus, MPF funds have no exposure to these assets.