Hong Kong’s 106 billionaires, Treasury yields hit recent highs: the numbers moving markets

China’s expanding outbound capital and US bonds’ surging yields are in spotlight this week China has been expanding its outbound-investment channels, with a new quota granted and greater overseas allocation by the nation’s pension fund. However, the financial world beyond the mainland is seeing volatility as US bond yields hit 20-month highs. Here are some of the figures that have drawn the most market attention this week. Eighteen money managers, including China Asset Management and GF Fund Management, received US$100 million each, while more than 20 Chinese banks’ wealth-management units received quotas for the first time.

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