Bank of China (Hong Kong) has partnered with the World Bank to introduce a new emerging markets bond fund investing mainly in local currency debt securities. 

The fund can invest as much as 15 per cent in US treasury bonds and offshore Chinese government bonds, including RMB-denominated dim sum bonds for liquidity and management purposes. At least 85 per cent will be invested in World Bank debt securities denominated in the currencies of China's trading partners in emerging markets and commodities countries. 

"We will focus on countries with extensive exports of goods or commodities to China, which is expected to benefit from the country's growing domestic consumption," said Ken Hui, fund manager of Bank of China.

The fund is authorised by the Securities and Futures Commission. The minimum subscription amount is HK$10,000 for the HKD class and $1,000 for the USD class. It will be available form 14 June to 20 July.