HKMA has power to change Tracker Fund manager to get round US sanctions, Hong Kong leaders say

Calls for a new manager came after incumbent State Street Global said it must fall in line with US sanctions on certain Chinese firms, potentially harming small investors

The sanctions mean the manager will not be able to track the Hang Seng Index and is no longer fit for duty, says former HKMA head Joseph Yam

Calls for a new manager of the Hong Kong index fund came after incumbent State Street Global said it must fall in line with US sanctions on certain Chinese firms, potentially harming small investors.…

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