HKMA’s Exchange Fund posts record high investment income

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The HKMA’s Exchange Fund posted a record high investment income in the first half of 2017

The Hong Kong Monetary Authority has announced a record high investment return of HK$126.5 billion ($16.2 billion) of its Exchange Fund in the first half of 2017.

The investment gain is due in large part to the strongly performing global equity markets, as well as a positive currency translation effect brought by the downward trend of the US dollar index, Norman Chan, chief executive of the HKMA, said in a statement released on July 27.

The Exchange Fund, which is used to back the Hong Kong

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