Cayman Islands investment funds holding USD 8 trillion in assets

AI Briefing

• – China's reduced its U.S. government debt holdings to a 13-year low, reversing a trend that had seen it surpass the U.S. as the largest foreign holder in 2019. The move is attributed to a shift in focus towards domestic investments. The Cayman Islands, meanwhile, has seen a surge in its assets under management, reaching $8 trillion, making it a major hub for global investment funds.