Hong Kong’s Exchange Fund, used to back the Hong Kong dollar, posted an investment income of HK$54.3 billion ($6.95 billion) in the first quarter of 2024 for a second consecutive quarter of gain, the Hong Kong Monetary Authority (HKMA) said on Monday.
That compared with an adjusted investment income of HK$108 billion in the same period a year earlier, and an adjusted investment income of HK$120.1 billion in the fourth quarter of 2023.
The HKMA is the key manager of the territory’s de-facto sovereign fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.
Reuters
