HKMA exchange fund records HK$23.3 billion profit


The Hong Kong Monetary Authority's (HKMA) exchange-fund swung back into the black in the first half of this year, recording a net investment income of HK$23.3 billion ($3.01 billion) in the six months to June.

The figures follow a loss of HK$38.3 billion in the second half of last year.

The fund recorded an investment gain of HK$25 billion in the first half of 2009, which fell to HK$23.3 billion after deducting interest and other expenses.

Joseph Yam, the chief executive of the HKMA, said on Thu

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