Exchange Fund posts HK$11.6 billion first quarter investment gain

Finance | 3 May 2021 12:50 pm

Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$11.6 billion (US$1.49 billion) in the first quarter of 2021, the Hong Kong Monetary Authority (HKMA) said on Monday, Reuters reports.

In 2020, the exchange fund recorded adjusted investment income of HK$235.8 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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