Saturday, November 1, 2014   

Exchange Fund investment income down between January and March
(05-05 14:27)

The government's Exchange Fund made an investment income of HK$11.1 billion between January and March 2014 -- down 42 percent from the same period last year.
It lost HK$6.8 billion in Hong Kong equities but earned HK$13.2 billion in the bond market, RTHK reports.
Speaking during a meeting of the Legislative Council's Financial Affairs Panel on Monday, the Chief Executive of the Hong Kong Monetary Authority, Norman Chan Tak-lam, said it would be difficult to predict how the fund would perform in the year ahead due to uncertainty in US interest rates.
The Exchange Fund will contribute HK$7.1 billion to the government's fiscal reserves and pay HK$1.9 billion to government funds and statutory bodies. --RTHK   
Other Business breaking news:
German retail sales post biggest drop for 7 years (10-31 17:59)
Hang Seng finishes higher (10-31 17:22)
IAG airlines group logs improving Q3 profits (10-31 17:21)
European stocks rally at open (10-31 16:47)
Panasonic says half-year profit dives (10-31 15:53)
Nikkei soars to seven-year high (10-31 15:44)
Japan Airlines H1 net profit slips (10-31 15:43)
Sony says half-year loss balloons six-fold (10-31 15:42)
RBS sets aside 400m pounds for forex probes (10-31 15:41)
BoJ chief says at 'critical moment' for exiting deflation (10-31 15:40)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.