00:00Taiwan's Bureau of Labor Funds has refuted a report claiming it had instructed third-party firms to exclude Hong Kong companies from managing its assets.
00:10The bureau, which manages about $235 billion in pension assets, said its guidance was aimed at increasing investment stability in a risky environment and not directed at any specific region or firm.
00:24Bloomberg reported that since last year, the bureau had, quote, verbally asked managers to avoid Hong Kong firms due to China-related risks.
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