Au King-lun, chief executive of BoCHK Asset Management, in an interview said that sovereign wealth funds and government-linked pension funds in the Middle East are hungry for RMB exposure, either through Asian bond or CNH mandates. "We want to have more strategic partnerships overseas," Au said.
In late last year, BoCHK Asset Management signed deals with Taiwan’s Fubon Asset Management and German private bank Sal Oppenheim.
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"I hope we can extend these relationships to other asset classes," Au the publication quoted him saying.
