HKMA Exchange Fund posts HK$35 billion H1 loss

The Hong Kong Monetary Authority's (HKMA) Exchange Fund recorded a loss of HK$35 billion ($4.49 billion) in the first half of the year as its equity portfolio took a substantial hit.

The loss leaves the fund with HK$1,409.2 billion-worth of assets.

Joseph Yam, the chief executive of the HKMA, blamed the losses on the deepening of the subprime mortgage crisis and the ensuing credit crunch. Fears of a global recession and concerns about inflation had all exerted pressures on financial markets

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: