Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Jun. 2--HONG KONG--Hong Kong will invest slightly more than $100 million in a new regional fund to be launched by 11 economies to jointly develop Asia's debt securities market, sources close to the Hong Kong Monetary Authority (HKMA) said Monday. Japan and Singapore on Monday also announced $100 million contributions.
The former British colony, which returned to Chinese rule in July 1997, is joining other 10 Asia-Pacific economies in investing in the Asian Bond Fund (ABF).
China's central bank also announced Monday that the Chinese government will contribute to the ABF to actively promote Asian financial cooperation.
The People's Bank of China, however, did not mention about China's size of investment in the fund.
The ABF …