HK Exchange Fund posts Q3 investment loss of $1.70 billion-HKMA

19-Oct-2021 Intellasia | Reuters | 5:02 AM Print This Post

Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$13.2 billion ($1.70 billion) in the third quarter, the first loss after five consecutive quarters of gains, the Hong Kong Monetary Authority (HKMA) said on Monday.

That compared with an HK$81.2 billion investment gain in the same period a year earlier.

The Exchange Fund recorded an investment income of HK$126.5 billion in January-September period this year.

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.

($1 = 7.7780 Hong Kong dollars)

https://www.reuters.com/business/finance/hong-kong-exchange-fund-posts-q3-investment-loss-170 billion-hkma-2021-10-18/

 

Category: Hong Kong

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