SCMP Explains: Hong Kong’s Tracker Fund

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The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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  • South China Morning Post published this video item, entitled “SCMP Explains: Hong Kong’s Tracker Fund” – below is their description.

    US sanctions barring American investors from owning or trading in stocks allegedly owned or controlled by the Chinese military could deal a serious financial shock to millions of retail investors and pensioners in Hong Kong. The Tracker Fund, the biggest and most popular exchange-traded index fund in the city, has a dramatic U-turn within three days on its investment in several major Chinese-owned firms to its portfolio, because it is managed by a US-based company that must abide by the sanctions.

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    China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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    Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR), is a metropolitan area and special administrative region of the People’s Republic of China on the eastern Pearl River Delta of the South China Sea. With over 7.5 million residents of various nationalities in a 1,104-square-kilometre (426 sq mi) territory, Hong Kong is one of the most densely populated places in the world.

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