1. Hong Kong Exchange Fund Q1 investment income at HK$57.1 bln: Hong Kong Monetary Authority

Hong Kong Exchange Fund Q1 investment income at HK$57.1 bln: Hong Kong Monetary Authority

Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$57.1 billion ($7.33 billion)in the first quarter of 2017, the Hong Kong Monetary Authority (HKMA) said on Monday.

By: | Hong Kong | Published: May 29, 2017 9:13 AM
Hong Kong, Hong Kong Monetary Authority, Hong Kong's Exchange Fund, exchange fund, Hong Kong dollar, HKMA The figure compared with a HK.4 billion investment gain in the same period a year earlier, and an adjusted HK.3 billion investment loss in the fourth quarter of 2016. (Reuters)

Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$57.1 billion ($7.33 billion)in the first quarter of 2017, the Hong Kong Monetary Authority (HKMA) said on Monday. The figure compared with a HK$25.4 billion investment gain in the same period a year earlier, and an adjusted HK$23.3 billion investment loss in the fourth quarter of 2016.

In 2016, the exchange fund recorded adjusted investment income of HK$68.1 billion. The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.

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