Saturday, December 20, 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   
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